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The rapid industrialization of the Soviet Union, and its achievements, such as being the first country to send a satellite and then a man into space, were seen by many as testaments to the effectiveness of the communist model. These achievements lent credibility to the argument that communism could be a superior system for technological and economic advancement.
Some thought Marxism would die after the collapse of the USSR. But they were wrong. Every year, close to a billion youngsters reach the age of 20. Like the young Murthy, they will be attracted to socialism and its emphasis on equality. Like him, they will have to learn of its unexpected consequences.
James Pethokoukis’s new book dives into the fall of “Up Wing America,” but offers few answers.
Although he was a towering figure in the field of economics, he will be remembered by those who know him for his modesty, integrity, lack of pretence and natural human warmth.