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by coreblocks 2142 days ago
When Gorbachev took over, they realized the government actually had no mathematical model of how the economy of USSR worked. Politicians had been basically been allocating resources blind for decades. They tried to shift to a more data driven approach toward the final years of the USSR, but it was way too late to have an effect.
1 comments

Basically USSR collapsed for trying to match USA by overspending. Do you realized that is going on with China as well. Given their wastage is several magnitude higher than most western countries, go check what is happening to their reserve in the last 3 years. Also, seems like mother nature is compounding those wastage as well. Maybe we get to see Chernobyl 2 and Agfhan like what happened to USSR?