Summary of How Capitalism Destroyed Russia

00:00:00 - 00:15:00

This video discusses how capitalism destroyed Russia, leading to a number of negative consequences. Among these are the Ukraine conflict and the concentration of wealth into a few hands, both of which are the result of fierce competition between capitalist countries. The video also discusses how democracy was never the goal of the transition, and that it was only used as a rhetorical smokescreen for violence and economic domination.

• 00:00:00 Shock therapy, or the sudden transition from a planned economy to a capitalist one, was implemented in Russia in the early 1990s. The goal of shock therapy was to bring in rugged, free market neoliberal capitalism quickly and at pretty much any cost. However, the whole transition period between the Soviet era of Russia to its modern capitalist iteration was in reality a time of brutally anti-democratic violence massive and immediate misery for millions.
• 00:05:00 This video explains how capitalism destroyed Russia, starting with the sudden dissolution of the Soviet Union in 1991. Liberal reforms were enacted, leading to increasing unemployment, inflation, and poverty. Organized crime flourished as a result.
• 00:10:00 This video presents evidence that capitalism destroyed Russia, as it caused wealth to concentrate at the top of society and inequality to follow the same trajectory. Neoliberal economists wanted privatization to happen fast, before anyone could stop it, and this led to a sloppy process that created the Russian oligarchy.
• 00:15:00 This video discusses how capitalism destroyed Russia, leading to a number of negative consequences. Among these are the Ukraine conflict and the concentration of wealth into a few hands, both of which are the result of fierce competition between capitalist countries. The video also discusses how democracy was never the goal of the transition, and that it was only used as a rhetorical smokescreen for violence and economic domination. Finally, the video discusses how supporting this kind of content on Patreon is important in order to maintain it.