The Modern Economy of Russia

The video explores modern Russia's economic landscape, highlighting its military power but unimpressive economy. It discusses the transition from a Soviet planned economy to a market economy, emphasizing the challenges and instability faced. The Washington Consensus and shock therapy policies are examined, revealing their impact on privatization and economic inequality. The video also delves into wealth inequality, noting the significant offshore wealth held by Russian billionaires, which exacerbates economic disparity.

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