As the 1990s progressed, Western [[capital]] and corporate raiders flooded into the country to buy up Soviet assets at bargain basement prices. Prior to the collapse, Soviet enterprises did not operate on the profit motive and received government subsidies, keeping outmoded factories and industries alive while operating at a loss and workers employed. When the subsidies perished with the USSR, the country fell into a deep recession and people were not very enamored toward the transition to capitalism as foreign investors took control of the nation's economy. As in the Dresden incident, Putin's reputation of instinctively standing up to foreign intruders in defense of his country propelled his political rise. | As the 1990s progressed, Western [[capital]] and corporate raiders flooded into the country to buy up Soviet assets at bargain basement prices. Prior to the collapse, Soviet enterprises did not operate on the profit motive and received government subsidies, keeping outmoded factories and industries alive while operating at a loss and workers employed. When the subsidies perished with the USSR, the country fell into a deep recession and people were not very enamored toward the transition to capitalism as foreign investors took control of the nation's economy. As in the Dresden incident, Putin's reputation of instinctively standing up to foreign intruders in defense of his country propelled his political rise. |