By the rise of the 1970′s the people of the Soviet Union craved and sought after new fashion, new technology, and better products. The first eight Five Year Plan’s had failed to produce enough of the common household necessities for each … Continue reading →
Tag Archive for Planned Economy
The Black Market and Institutionalized Corruption
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A friend of mine at Virginia Tech was born in Moldova in 1992 and the remnants of an underground economy still existed. He was telling me about how if you gave the men who worked in the passport office good … Continue reading →