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Why did the socialist system collapse in Russia?

Answer
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Hint: The Russian Federation, sometimes known as Russia, is a country that spans Eastern Europe and Northern Asia. It is the world's largest country by area, covering more than 17 million square kilometres and accounting for more than one-eighth of the world's inhabited land area.

Complete answer:
Socialism has little to do with the Russian system. It was a fear-based totalitarian party-state police-state government. It didn't imply it was socialist in any sense of the word just because it named itself that (Nazis called themselves socialists as well). It fell apart due to the Tsar-like incompetence of its rulers, the fundamental vulnerability of fear-based political systems, and the intrinsically inefficient centrally-controlled economy.

Socialism fell apart because command economies grew in size and complexity and became increasingly unmanageable. This was also true in China, but the country was able to make the transition to markets and capitalism over time. The Soviet Union tried to muddle through without much reform under Khrushchev, and even more so under Brezhnev. The rate of economic growth slowed significantly, eventually falling to less than 1%.

 The final straw was that maintaining military parity with the West was consuming an ever-increasing share of the budget, to the point where it could no longer be sustained.

Despite the third C in CCCP, Russia has never had a socialist system. Russia practised totalitarian communism and continued to practise it, never quite getting it right. They then transitioned to capitalist despotism, which is where they are now. Only a few European countries that practise Socialism Lite and Cuba, which practises Socialism Dark, practise socialism. Venezuela does not practise anything since they are arguing about which game to play.

Note: Socialism is a social system in which everyone in the community has an equal part of the many aspects of resource creation, distribution, and trade. A democratic style of governance allows for this type of ownership. A cooperative system, in which each member of the community owns a portion of communal resources, has also been used to demonstrate socialism.