Agony of Reform: Commanding Heights Part 2
The revolution of the world’s economy in the 20th and 21st centuries was very stressful, uncertain, and trying. In the 20th century, economic foundations were beginning to shift due to deficits and inflation. Economic strategies planned to curve the shift by governments worldwide were beginning to fail and were not fulfilling their projected results. Free-market capitalism was to blame for mass unemployment, the recession, and inflation that began to plague our country as well as other world economics.
American President Ronald Regan and Margaret Thatcher in Britain were the very first to model a market economy which is a capitalist system. These commander and chiefs privatized state owned industries and deregulated markets. Soon, the rest of the world began to model the market economy and pull away from state control. Places such as Russia, which was the first fully communist country experienced great growth and gain from the communist system. During the great depression, Russia continued to experience low unemployment rates and economic gain while other countries such as the U.S experienced extremely high unemployment rates, poverty and extremely low economic gain. When the great depression hit, the comparison of numbers between countries such as Russia and the U.S basically proved that the capitalist system of a market economy would eventually fail and that a communism or a communist economy was the way to go.
This entire idea that communism was better than a market economy was untrue because it was based on a lie. If Russia had not lied about their government, they too would have suffered from the depression just as the U.S. The rulers of Russia lied about the performance and size of the country. To keep the truth under wraps and away from its citizens, the overbearing government kept a tight control over its citizens, their media, and borders. “Because of this, foreigners were only let into the...
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