How did the economic system of the Soviet Union manage to hold up and function relatively well for many years, and why did it collapse so quickly in the end?
In: Economics
Communism in itself is an utopia. There is no incentive for people to try harder since there is no bigger reward. You finish your university, get assigned to a job in some place, get a flat after waiting in line for 10 years, get a car, stable low salary and just chill. No one cares about productivity. Also everyone steals stuff. At least thats how it was in Lithuania in Soviet Union. It was shit. You finally could start private company in 1988 I think, when my father did just that. But it was too late.
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