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June 11, 2004 by AK

Alan K. Henderson and Bjørn Stærk on why it happened

Historians–economic historians in particular–still have to fill a lot of blanks in the chapter on the USSR after WWII. There is a consensus that in Brezhnev’s time factor productivity in most Soviet industries was stagnating, that low oil prices and a decline in oil production in the mid-1980s were a huge problem for the Soviet economy, that the military sector was consuming too much resources while agriculture was dying.

The relevant question is, what did Reagan do to accelerate the decline? See links above.


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