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18

The Soviet Union’s Fatal Failure to Reform

Lecture no. 18 from the course: Capitalism vs. Socialism: Comparing Economic Systems

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Taught by Professor Edward F. Stuart | 29 min

Despite attempts by some Soviet leaders in the mid-to-late 20th century, Russia was never able to successfully reform the oppressive and increasingly inefficient Soviet communist system. Professor Stuart shows how the authoritarian government encouraged dysfunctional behavior in production and why the resulting scarcity of decent goods and services ultimately became unsupportable.