Question

What are the two main problems that caused the demise of socialist economies in Russia and Eastern Europe?

Answer 1

Answer.

Socialism refers to the ownership of government on the means of production, distribution of income and planning.

The two main reason for the demise of the Socialism in Russia are:

1. The last leader of the soviet union Mikhail Gorbachev had a vision of reform. He had to ideas for Russia’s future: perestroika and glasnost. Under his idea of perestroika, Russia would start to move to a mixture of Communist and Capitalist system. The modifications to the economy were joined with a reorganization of the Party which would take younger opinions to the forefront.
2. The other part of the plan was glasnost which talked about the particular restrictions on the Russian people. People were living with no freedom of speech, media or religion. This plan was to give people the freedom of expressing their views. The Soviet government lost control over Soviet people and thereby appeared to be vulnerable to them. Soviet people found new powers and used them to critique government and lead to the demise of Soviet rule.

The other reason was Nationalist Movements, the nation combination of 15 radically different republics and some of them were not compatible with each other. Nationalist movements led to change in government in Poland and the movements rapidly spread to Yugoslavia, Czechoslovakia, and the Soviet satellites in Eastern Europe. The allies were started to split which led to the separate movements in Belarus, Baltic States, and Ukraine. The power of the Soviet Union was starting weakening and the Soviet Union was completely demised by 1991.