Very limited view of what happened there. Vz went down hill the moment that private property rights were lost. When the government started taking businesses, both local and foreign owned, it doomed its economy right then and there.<p>Governments which don&#x27;t respect property rights can flourish under absolutely ideal conditions, your petrostate idea, yet even that is fleeting even if the conditions remain good. Its doomed the moment they do not.<p>So its not ideological, its simply fact, void property rights and you destroy your economy because trust is gone and when trust is gone people will not waste effort on what will be stolen from them