Why Russia Can’t Afford Another Cold War

Mikhail Gorbachev, was heavily influenced by Soviet economists and other academics who warned that by the turn of the century in 2000, the Soviet economy would be smaller than South Korea’s if it did not introduce major economic reforms and participate in the global economy.

.. The oligarchs “would not dare to challenge him,” a prominent Russian economist told me. (He asked not to be named for fear of retribution.) “But they would say something like they would have to lay off workers and reduce tax payments.”