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Soviet savings outpace spending in stagnant economy
The Soviet Union holds large personal savings while consumer goods lag. Analysts note 25 billion rubles saved versus 17.9 billion rubles for defense. Since Lenin, five year plans favored heavy industry and defense, with Khrushchev, Brezhnev, Kosygin pushing consumer goods more since 1967. Agricultural inefficiencies and a technology gap persist despite reforms and western trade efforts.
MENTIONED IN THIS ARTICLE
U.S
Russia
Vladimir I Lenin
Lenin
Josef V. Stalin
Nikita S. Khrushchev
Alexei N Kosygin
Leonid I. Brezhnev
Politburo
Kremlin
United States
United