Part 7/11:
The 1917 Revolution initiated a radical shift. The government nationalized industries and attempted to centralize economic control, often at the expense of efficiency. A civil war further devastated the economic landscape, and despite emerging as a communist state, the economy transformed into a command structure that stifled entrepreneurial spirit and innovation.
Chapter 6: Stalin’s Russia - A Command Economy (1928-1945)
Joseph Stalin's forced collectivization aimed to boost industrial output but involved brutal tactics, including the relocation of millions. While initial central planning improved some efficiencies, it restricted personal freedom and economic flexibility. The state imposed quotas that often led to mismanagement, corruption, and a lack of variation in products.