4min chapter

Lex Fridman Podcast cover image

Stephen Kotkin: Stalin, Putin, and the Nature of Power

Lex Fridman Podcast

CHAPTER

The Image and Reality of Capitalism During the Great Depression

The Great Depression was a very difficult time for the capitalist system. Some people saw Stalin's rule as potentially a better option than imperialism, fascism and great depression. But after World War II, the context changed a lot. Capitalism was much more successful compared to what it was in the inner war period. And this changed the game for Stalin and communism. Communism is about an alternative to capitalism. If that alternative is not superior, there's no reason for communism to exist.

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