The Truth about the Collapse of the Soviet Union

“…the epical economic failure of an ossified state socialism”

Welcome to the USSA. — jtl, 419

The idea that the Reagan defense buildup somehow spent the Soviet Union into
collapse is a legend of remarkable untruth. The preexisting nuclear balance of
terror never really changed during the 1980’s, and the United States spent no
serious money threatening the evil empire. The Soviet leadership did end up
feeling beleaguered and imperiled, but it was due to the epical economic failure
of an ossified state socialism, not the new U.S. armada of conventional ships,
tanks, and planes. Indeed, the original notion that the Soviet Union [could
develop] nuclear war winning capability was never plausible. – David Stockman, Director of the Office of Management and Budget (1981–1985)

This is a fascinating lecture about the collapse of the Soviet Union by Robert
Wenzel at the Austrian Economics Research Conference (March 21, 2013).

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Land and Livestock International, Inc. is a leading agribusiness management firm providing a complete line of services to the range livestock industry. We believe that private property is the foundation of America. Private property and free markets go hand in hand—without property there is no freedom. We also believe that free markets, not government intervention, hold the key to natural resource conservation and environmental preservation. No government bureaucrat can (or will) understand and treat the land with as much respect as its owner. The bureaucrat simply does not have the same motives as does the owner of a capital interest in the property. Our specialty is the working livestock ranch simply because there are so many very good reasons for owning such a property. We provide educational, management and consulting services with a focus on ecologically and financially sustainable land management that will enhance natural processes (water and mineral cycles, energy flow and community dynamics) while enhancing profits and steadily building wealth.
This entry was posted in Austrian Economic Theory, War and Foreign Policy and tagged , , , , , , , . Bookmark the permalink.

6 Responses to The Truth about the Collapse of the Soviet Union

  1. jkmhoffman says:

    Reblogged this on kjmhoffman.

    Like

  2. henrymoore says:

    I watched a Mises lecture from Yuri Maltsev on this subject earlier today.

    Like

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