The destruction and looting of an economy's stored wealth, here applied to Bolshevik Russia.
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asset stripping
The destruction and looting of an economy's stored wealth, here applied to Bolshevik Russia.
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Key Notes
The imperial pattern of destroying institutions to buy or fence their valuables cheaply.
He defines Bolshevik asset stripping as reducing Russia to barter and robbery, looting palaces, banks, churches, and museums, and fencing valuables abroad for capitalist hard currency.
War communism is presented as national asset-stripping: palaces, banks, churches, and museums are looted and valuables fenced abroad for hard currency.
Timestamped Evidence
"...ransacking palaces, bank vaults, churches, and museums. Okay, we call this asset stripping. So basically, the Bolsheviks destroyed their own society in order to..."
"By the close of 1921, an estimated $450 million in valuables had been sequestered there with more to come, much of it destined to..."
"So keep on going. Keep on going. Yeah. From 1918 through early 1921, Bolshevik war communism reduced Russia to an economic based on barter..."
"Okay? They destroy nations in order to steal as much as they can. What happens afterwards? They don't care. All right? It's that simple...."
"...longer acknowledges problems, it just lies to you directly. And privatization, asset stripping, okay? So all this is happening in the Western world. The..."
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