Compared to other capitalist countries it was worse during Soviet times too. Average US life expectancy at the USSRs peak in 1986 was approx. 75 years old, whereas in the USSR the average is 5 years less… Quite substantial.
no wonder, considering how exactly that capitalism looked like, and how “well” people where with handling their finances.
Collapse of the USSR in terms of how destructive it was is comparable to the one of Roman Empire. It was litaral anarchy in the 90s.
Lots of people lost all their money they hoarded in a single moment, simply because just keeping the money hidden in a safe place was considered prime financial safety. And then lots of people lost their money again as they had no idea how to handle their finances properly, and people like Mavrodi emerged with their financial pyramid schemes, promising huge profits for all the investors.
tbf, USSR did great, especially considering that basically whole world pressured and opposed it in many ways. It still managed not only to persist, but also to help other countries. But comparing its economics to even all the combined economics of all the countries that were a part of it at the time is not fair, as USSR had in total more than 70 years to develop, and was occupying vast expances of land that had big cities, lots of fertile soil and just as much of any other resource. If you want to make a more fair comparison, you should compare it to EU.
Not the biggest fan of the USSR - but compared to the capitalism that followed, yeah, they were
Compared to other capitalist countries it was worse during Soviet times too. Average US life expectancy at the USSRs peak in 1986 was approx. 75 years old, whereas in the USSR the average is 5 years less… Quite substantial.
no wonder, considering how exactly that capitalism looked like, and how “well” people where with handling their finances.
Collapse of the USSR in terms of how destructive it was is comparable to the one of Roman Empire. It was litaral anarchy in the 90s.
Lots of people lost all their money they hoarded in a single moment, simply because just keeping the money hidden in a safe place was considered prime financial safety. And then lots of people lost their money again as they had no idea how to handle their finances properly, and people like Mavrodi emerged with their financial pyramid schemes, promising huge profits for all the investors.
tbf, USSR did great, especially considering that basically whole world pressured and opposed it in many ways. It still managed not only to persist, but also to help other countries. But comparing its economics to even all the combined economics of all the countries that were a part of it at the time is not fair, as USSR had in total more than 70 years to develop, and was occupying vast expances of land that had big cities, lots of fertile soil and just as much of any other resource. If you want to make a more fair comparison, you should compare it to EU.