The Fall of the Soviet Union: Why the Superpower Collapsed — Fexingo History
In this episode, Lucas and Luna explore the shadow economy that propped up the Soviet Union in its final years. Official statistics told a story of planning and production, but beyond the reach of Gosplan, a vast network of underground entrepreneurs — tsekhoviki — kept goods moving and people fed. We trace the rise of the black market from Brezhnev's stagnation through perestroika, focusing on the city of Odessa, where speculators and factory managers turned state property into private profit. We follow the story of Arkady Volkov, a former party official turned shadow industrialist, whose workshops in Odessa's port district churned out everything from jeans to washing machine parts. Meanwhile, we examine the failed 1986 anti-corruption campaign and how the KGB's crackdown paradoxically strengthened criminal networks. By 1991, the black market accounted for an estimated 30% of the Soviet economy, according to economist Grigory Khanin. We also discuss how the August Coup accelerated the transition of illegal wealth into legal oligarchic fortunes, setting the stage for the wild capitalism of the 1990s. #SovietUnion #BlackMarket #Tsekhoviki #Odessa #Gosplan #Perestroika #GrigoryKhanin #ArkadyVolkov #SovietEconomy #1991Coup #Oligarchs #BrezhnevStagnation #KGB #ShadowEconomy #EasternEurope #History #FexingoHistory #EconomicCollapse Keep every episode free: buymeacoffee.com/fexingo [https://buymeacoffee.com/fexingo]
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