High oil prices in the 1970s suckered the Kremlin into propping up inefficient industries, overextending subsidies, postponing real economic reforms and invading Afghanistan.

• 1970年代油价高涨，让克里姆林宫大当凯子，扶持许多效益低落的产业，提供过多补助、延后实质的经济改革，还入侵阿富汗。