Home > Author > Daniel Yergin >

" By the beginning of the 1970s, the Soviet Union’s centrally planned economy was failing. It could not produce the goods that people wanted, and what it did produce was shoddy, except for specific sectors, mainly defense. The oil crisis of the 1970s came just in time. "

Daniel Yergin , The New Map: Energy, Climate, and the Clash of Nations


Image for Quotes

Daniel Yergin quote : By the beginning of the 1970s, the Soviet Union’s centrally planned economy was failing. It could not produce the goods that people wanted, and what it did produce was shoddy, except for specific sectors, mainly defense. The oil crisis of the 1970s came just in time.