Why the USSR failed

The collapse of the Soviet Union is invertible, resulting from numerous reasons.Some were showed in the video called “the tears of Russia – the collapse of the USSR”, like the threats from other countries and the corruptions of the high-position people. Dig deeper, we will find that its failure actually originated from its political and economic structures.

The Soviet Union was politically highly extractive, especially so after the 1980s. All of its policies and laws were determined solely by the few people in the government and all to their benefits (help them to steal more easily from the nation for instance). With all the power and 95% of the wealth rested in the hands of the privileged ones, millions of people starved to death, and the rest were monitored and prosecuted by the secret police. Its economic was extractive, too. Because people were not allowed to have personal properties, they generally lack the incentives to work, and were not trying to innovate at all. Due to the extractive structure, there was no creative destruction either.

As the problems resulting from the two aspects got bigger, the USSR tried to transit into the capitalism, but eventually failed and collapsed.