Understanding that meaningful economic change was impossible under the current regime, Gorbachev sought to modify the Soviet state and its stranglehold over the economy.
At the 27th Congress of the Communist Party in February-March 1986, the new Soviet leader floated the need for called for significant decentralisation of Soviet economic policy and production.
were the names of significant reforms introduced by Soviet leader Mikhail Gorbachev in the mid to late 1980s.
These reforms followed a dismal decade in the Soviet Union, due to economic stagnation, falling production, significant shortages and a marked decline in living standards.
In early 1987, Gorbachev gave a fuller account of his ideas in a book titled .
He affirmed his commitment to communism but emphasised the need for greater trust in the people.
The main difference was that Soviet firms were controlled by workers’ collectives rather than private owners.
These changes did little to improve the ailing Soviet economy so Gorbachev became even more ambitious.
The Soviet Union needed “a decisive turn in transferring the national economy to the tracks of intensive development”, Gorbachev told listeners.
He also stressed the need for better living conditions for Soviet workers, calling for a “qualitative improvement of the material conditions of his life and work, of his spiritual makeup”.