13.02.2023, Moscow.
The so-called “market-based” system, which replaced the Soviet one, has proven to be not as inadequate as we could expect, said philosopher, political scientist and the leader of the Essence of Time movement Sergey Kurginyan on February 3 in an interview to the Union channel of Donetsk.
“This system that replaced the Soviet one, the market-based system, has proven to be not as inadequate as we could expect,” Kurginyan said.
The expert reminded what tremendous problems the Soviet Union had when the oil prices dramatically dropped in 1986. However, he continued, the country’s main problem in that period was, of course, its leader Mikhail Gorbachev.
“We do not have such [low] prices today. But this also depends on diplomacy as well as certain foreign policy relations related to economy. The USA has failed to make Saudi Arabia and the rest of the world obediently take its side,” Kurginyan concluded.
He also noted that the Russia’s gross domestic product has dropped much less than expected, and it managed to find some economic ties in the rest of the world.
“I would rather not focus on how much the others love us, because the others love us as much as it is good for them, and they will use us in all possible ways; nevertheless, we cannot see that everyone is now under the US arms either,” the philosopher said.
The oil prices grew from $3 per barrel in early 1970s up to $35 in 1981. In 1986, when Saudi Arabia increased oil production four-fold, the oil prices dropped by almost 70%, from $31.75 to $10 per barrel. After an OPEC meeting in Geneva, the oil exporters agreed on oil production quotes and on approximate oil price of $18 per barrel. Over a number of years the oil price kept at $15 to $18, and taking into account inflation the prices remained low up to early 2000s.
Source: Rossa Primavera News Agency
