Business: Russia's Trouble with Reforms

IF Nikita Khrushchev had been an accurate prophet, the Soviet Union would now be starting the year in which its citizens would overtake Americans in material prosperity. Actually, Soviet shoppers still encounter frustration searching for products that U.S. citizens find in abundance. Moscow residents these days find few eggs and little flour in the stores. They may have to try two or three shops to locate as necessary an item as a light bulb. Russia's economic leaders admit that they have fallen far short of reaching not only Khrushchev's Utopian targets for 1970,...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!