this post was submitted on 26 Feb 2026
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Has any country successfully turned the clock back to an earlier economic condition or, like everything else, is the only option to not dwell on the past and push forward to something new?
What happens if you turn the clock back? It simply continues to go forward. If you somehow succeeded in turning the clock back, all you would do is to push the problem onto your children.
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Logically one would use the knowlege of the things that did and didn't work in the past to spur people to make something better, but capitalism seems to think improving things is childish idealism.
Depends how you count counter-revolutions, in which case most of the former USSR, Chile, maybe Spain.
The post-USSR wasn't really turning back the clock to pre-USSR though. The post-socialist states and economies bear little to no resemblance to what came before the revolution.
Its not 1:1 but the guys who run sectors of extractive economics aren't entirely dissimilar to robber barons like Yusupov and Nobel (Yes, that Nobel)