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jayalpha | 6 years ago

ICs and computers may have been a huge part of the downfall, especially if you consider how important they are in warfare.

"1. its economic model was dysfunctional and a failure"

The USSR had a good economy for some time. During Stalins brutal industrialization, growth rates may have even outclassed Chinas. E.g. 13% p.a. over 12 years, the numbers are controversial. I have a paper about it. Fact is, in WW1 and WW2 Germany faced a very different country.

The later decline may also correlate with declining oil production. The USSR sold a lot of Oil and Gas to the west.

"The soviet union failed, because centralized, collectivism, and having all the output owned by the state is a failure as a model...."

This is also true fro China and the last word, if the system is sustainable or not, is not spoken in this regards.

I tell you a secret: The western market oriented, capitalistic system is also bound to fail.

1. Due to the inherent feature to use debt to prefinance production, the economy has always to keep growing. It is not possible to use our current capitalistic system in a steady state economy.

2. Since wealth and economic growth are interlinked and energy is more or less limited, the system has to come to a stop sooner or later.

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