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The Soviet Union's inability to enter the information age (and thus the modern world economy) left them too dependent on commodity exports for revenue. Manuel Castells did a good analysis of why they failed to do so in this book. A drop in oil revenues could have served as a simple trigger for this deeper problem.

you are the media you consume.

by MillMan (millguy at gmail) on Thu Jan 11th, 2007 at 04:58:08 PM EST
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