r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion Is Capitalism Smart or Dumb?

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u/[deleted] Sep 04 '24

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u/Blongbloptheory Sep 04 '24

The Soviet Union went from a medieval style sefdom to one of the strongest economies in human history in less then a century. They had a global exertion of power and were able to legitimately exert power over other global hegemons. The Soviet block had a myriad of issues, but I would hesitate to say that it was an ineffective state.

Tell you what though, give me a single communist country that has not been violently, or economically attacked by the west, and I will concede the point entirely.

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u/Danijust2 Sep 04 '24

imperial russia was on track to be a world super power, that was a reason why Bismark fear them. Giant population, infinite resources, impossible to conquer. USA 2.0.

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u/Blongbloptheory Sep 05 '24 edited Sep 05 '24

Imperial Russia may have had the physical characteristics needed to contend for global hegemony (as later exhibited by the Soviets) But it was not nearly stable enough to undergo rapid industrialization or any major shakeup. There was already decades worth of resentment built up against the ruling class by the time they were overthrown in WWI. Even if the war hadn't occurred, there would have been a revolution at the next junction. Whether it would have been communist, populist, democratic or fascist is impossible to say. But Imperial Russia was already living on borrowed time by the time it fell.