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PaperclipPerfector  11mo ago (text post)   4824 thread views

Small-Scale Question Sunday for December 10, 2023

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so I don't see a big difference between "high crude oil prices propped up the system" or "high crude oil prices allowed the system to buy off an interest group that would otherwise become unhappy".

Oh. I was referring to the original claim that "Oil exports were the primary source of the USSRs hard currency and allowed it to import things." I think the data re overall exports tends to undermine that specific argument. However, if the regime relied on oil revenues to buy off necessary supporters (or, more likely, gave those supporters control of the oil industry, as is often the case), oil price drops might have undermined the regime even if it did not undermine the ability to import goods.

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