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Mikhail Gorbachev died

Mikhail Gorbachev died on August 30. His legacy? Under Gorbachev, the Soviet economy fell into recession as the government began to dismantle the planned economy. Under Gorbachev, socialist industry was dismantled. Russia’s GDP dropped by 40%. […]

Capitalist crisis

Dollar dominoes

Will Washington’s seizure of $300 billion Russian assets end domination of dollar as global currency? On Feb. 26, the U.S. blocked Russia’s access to over $300 billion in foreign reserves held in banks in the […]