xiaohongshu [none/use name]

  • 0 Posts
  • 6 Comments
Joined 2 months ago
cake
Cake day: August 1st, 2024

help-circle
  • Do you seriously think that the consequences of Khrushchev’s reversal of Stalin’s policies would manifest immediately and not take years to culminate?

    Stalin had built a strong industrialized economy that was growing exponentially and on the rise by the 1950s. It would take 30 years after Khrushchev’s policies for the USSR economy to stagnate, and eventually fail.

    For example, when the USSR defaulted under Khrushchev in 1957, the seeds that would lead to “empty shelves under communism” stereotype had already been sown, as both industrial and agricultural production were brought to stagnation. Many policies under Stalin that made the USSR the most rapid growing economy in history were reversed en masse by Khrushchev.

    Reagan and Clinton’s financial deregulations culminated in the subprime mortgage crisis in 2007 and the global financial crisis in 2008 - 7 years after Clinton had stepped down as president.