Why did the Soviet Union collapse?
The Soviet Union collapsed because of the failure of the centrally planned economy. The Soviet Union was a socialist state that was based on collective ownership of the means of production, which meant that the government owned all of the factories and farms in the country. This led to a lack of competition and innovation, which eventually led to economic stagnation. In addition, the Soviet Union had a huge military spending budget, which led to a huge deficit. These factors combined led to the collapse of the Soviet Union.