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And when the Eastern Bloc dissolved, government owned corporations got sold off to western ones, for pennies, all to be shut down in a few weeks. If not, usually they got boycotted, because the kids finally could buy western brands, which made you look cool among your peers.
Eastern Europe sold its stuff away mainly because of local corruption. Local factories would get sold as scrap by one wise guy and a couple of his friends in the budding government fresh after a revolution because they could make a quick buck and set themselves up for more similar opportunities. Also “scrap” claim would take a long time to be investigated and never amount to anything.