How Did The Soviet Union Come To Capitalism
The Soviet Union was a horrible and the most powerful communist state that has ever existed. It was created by the merger of a ton of socialist countries in Eastern Europe and North Asia that all collectivized into one incredibly centralized state. The Communist Party took over in the October Revolution of 1917 led by Vladimir Lenin fighting against the Mensheviks. They established themselves as the sole ruling party of the Soviet Union, and placed their headquarters in Moscow, Russia. The Soviet Union collapsed in 1991, and released its centralized communist grip on all of its satellite countries, which eventually started turning more capitalistic. Russia, while still socialist, is the official successor of the Soviet Union. After the
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The division of labor creates bouts of prosperity that a previously communist country would have never seen due to the increase in productivity in the labor force. This, ironically to the countries switching from communism to capitalism, worked best under a system that they actively tried to fight against for decades. A system comprised of the people of a society being able to make voluntary choices themselves involving the economy, with less government intervention in the marketplace. An increased value of the right to private property and personal wealth which would create a form of inequality that is, in all actuality, great for the economy due to the profit incentive created between newly competing private businesses that will eventually invest in smaller businesses which will propel the small business into prosperity with new savings. Laissez-faire capitalism is the greatest blessing you can gift to your economy, and even though a lot of Eastern European countries today still have forms of socialism going on, it is not a coincidence that the countries with the least amount of economic intervention - arguably the best country economically in Europe would be Germany, while still having a lot of social intervention - are having the greatest
The division of labor creates bouts of prosperity that a previously communist country would have never seen due to the increase in productivity in the labor force. This, ironically to the countries switching from communism to capitalism, worked best under a system that they actively tried to fight against for decades. A system comprised of the people of a society being able to make voluntary choices themselves involving the economy, with less government intervention in the marketplace. An increased value of the right to private property and personal wealth which would create a form of inequality that is, in all actuality, great for the economy due to the profit incentive created between newly competing private businesses that will eventually invest in smaller businesses which will propel the small business into prosperity with new savings. Laissez-faire capitalism is the greatest blessing you can gift to your economy, and even though a lot of Eastern European countries today still have forms of socialism going on, it is not a coincidence that the countries with the least amount of economic intervention - arguably the best country economically in Europe would be Germany, while still having a lot of social intervention - are having the greatest