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KATRIN_1 [288]
4 years ago
14

Why did the former Soviet union have problems adapting to a free market society

History
1 answer:
Katen [24]4 years ago
5 0
Soviet Union is communist and they are against free market or capitalism
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The New Age of Creativity: When the Walls Came Down and the Windows Went Up.” On 11/9/89, the Berlin Wall fell (“the Walls Came Down”) and the citizens of the former Soviet empire were suddenly able to participate in the global economy. Friedman uses the fall of the Berlin Wall as a symbol for a general global shift towards democratic governments and free-market economies (where consumers determine prices based on what they’re willing to pay) and away from authoritarian governments and centrally planned economies (in which prices are set by government officials). India made the conversion from a centrally planned economy to a free-market system two years after the Berlin Wall fell, when its economy was on the brink of collapse. Their annual rate of India’s growth soared from 3% per year to 7%. Friedman argues that the Berlin Wall also represented a barrier to seeing the world as a “a single market, a single ecosystem, and a single community” (p. 53). When it fell, it became easier for the world to see itself as one gigantic economic playing field.

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