[Marxism] The USSR collapsed because oil prices collapsed?

Louis Proyect lnp3 at panix.com
Wed Nov 1 07:11:12 MDT 2017


Reading Keith Gessen's review of a new biography of Gorbachev in The 
Nation 
(https://www.thenation.com/article/mikhail-gorbachevs-new-thinking/), 
this struck my eye:

"The Soviet Union could well have muddled along this way indefinitely. 
But three things happened. The first was external: After 70 years of 
trying to catch up with and overtake the West, the Soviet Union started 
to fall behind, a trend exacerbated by the cratering of oil prices in 
early 1986."

In other words, the same thing happening now in Venezuela.

A minute's search on Google turned up this article:

What Really Killed Soviet Union? Oil Shock?
Red Empire just ran out of fuel, say growing number of experts.
By Andrew Nikiforuk, 13 Mar 2013, TheTyee.ca

Larry Hagman, the late U.S. actor that played the bombastic oilman JR 
Ewing, often quipped that the TV soap opera Dallas brought down the 
mighty Soviet Union.

"The opulence, the consumerism, the food, the cars -- these things made 
them want more than their governments provided them," claimed Hagman.

Academics, who had not foreseen or predicted the Soviet Union's rapid 
meltdown, now argue that the Reagan Doctrine probably forced the 
empire's demise. According to this theory, Moscow's inefficient 
centrally planned state just couldn't keep pace with U.S. military 
spending and went bankrupt.

But that's not how Doug Reynolds and an increasing number of analysts 
now view the Soviet collapse. The 52-year-old U.S. economist, who taught 
energy economics in the Republic of Kazakhstan during the fall, says the 
Red Empire just ran out of fuel.

full: https://thetyee.ca/News/2013/03/13/Soviet-Union-Oil/



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