As the 1990s progressed, Western [[capital]] and corporate raiders flooded into Russia 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 to keep workers employed. When the subsidies and transfers of wealth perished with the Soviet government, the country fell into a deep recession. 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 Russia 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 to keep workers employed. When the subsidies and transfers of wealth perished with the Soviet government, the country fell into a deep recession. 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. |