banking service chronicle
banking service chronicle published this article page no 26 the collective farm system disintegrated leaving people without food security and russia started to import food. the real gdp of russia in 1999 was below what it was in 1989. the old trading structure broke down with no alternative in its place. the old system of social welfare was systematically destroyed. the withdrawal of government subsidies pushed large sections of the people into poverty. the middle classes were pushed to the periphery of society and the academic and intellectual manpower disintegrated or migrated. a mafia emerged in most of these countries and started controlling many economic activities banking service chronicle magazine subscription.
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