The parallels of Soviet Russia and modern day America

On behalf of the GoldMoney Foundation, Andy Duncan interviews Robert Wenzel at the Austrian Economics Research Conference 2013 in Auburn Alabama.

At the conference this year, Wenzel is delivering the The Henry Hazlitt Memorial Lecture. His topic: “An Examination of Key Factors in the Collapse of the Soviet Union” leads the discussion. Wenzel, the editor and publisher of, argues that the commonly held view of President Reagan being instrumental in the downfall of the Soviet Union is questionable and that the policies of Gorbachev were the pivotal components.

The time it took for the Soviet Union to collapse was around 70 years and Wenzel describes 4 reasons why this was so and how these concepts may apply to modern day economic conditions in America.

Categories: Business

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