If not, how did Putin and the oligarchs manage to take over everything?
Is it true that Putin deliberately crashed the Russian market in order to let oligarchs purchase and privatize almost everything?
r/ask
If not, how did Putin and the oligarchs manage to take over everything?
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Sounds familiar.
Putin is POTUS.
My sub, my research.
https://www.reddit.com/r/PoliticalReceipts/comments/1j80tyb/senate_panel_finds_russia_interfered_in_the_2016/
That was the fall of the soviet union
No, the USSR collapsed before Putin was in power. The lawlessness of the post collapse followed by a power struggle was won by Putin. During this process, the state owned industries were privatized and given over to people loyal to Putin, creating oligarchs in post-Soviet Russia. If the Oligarchs aren’t loyal enough or perform poorly in their industry, they fall out a window and are replaced with someone approved by Putin. Market manipulation was not necessary as it didn’t exist in the same fashion as the West.
No it happened before he had power, in the early 90s. What happened is the USSR basically collapsed and their leader turned to America for help. America told them to use economic “shock therapy”, basically immediately end their planned economy and go straight to a full American-style laissez-faire economy overnight.
It went about as well as you would expect, their new economy immediately tanked and was taken over by a few people who saw it coming, who then became the oligarchs.
So basically it was done by America, and most people consider Putin’s actions against the west as revenge for this.