‘Set prices’ for coal is ‘literally what communist states do’: Matt Canavan on coal price caps(Credlin, 2022)
‘Set prices’ for coal is ‘literally what communist states do’: Matt Canavan on coal price caps (Credlin, 2022) Here we go again. “A nation, like man, is the creature of its past." THE REVOLUTIONARY IDEA IN FRANCE, 1789-1871, By Lord Elton, 1923. “Price changes, or the lack thereof, were an important factor in determining living standards and influencing politics throughout the history of the Soviet Union and 20th century Russia. In fact, the Soviet Union was both founded and dissolved in the midst of high inflation. The Bolsheviks took over after high food prices helped bring down the previous governments. However, their initial policies led to Russia ‟ s first hyperinflation, widespread suffering, and domestic unrest, so they had to stabilize the ruble and the economy in order to remain in power. After Stalin took charge, the Soviet economy struggled with inflation for two decades, until a currency reform in 1947 finally established a stable monetary syst...