2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E94: NFT volume plummets, California's overreach, FBI meddling, climate change & national security

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Soviet Union, the Warsaw Pact, the Soviet Union

The Soviet Union, their economy used to run on what they called five year plans. It was all run by the government. This was communism. And if you look at then what happened afterwards, it became the aristocracy that basically ruled the USSR before and then fighting against all these folks that wanted reforms. That created this schism, which then perverted capitalism for seven or eight years through Yeltsin until Putin got there. The crazy thing is 30 years later, we're talking about socialism being a viable doctrine.

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