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Great comment. Thank you. This explains why the average quality of life/wealth gap between (Socialist) East Europe and West Europe was smaller than the raw dif
by galfarragem 7y ago
Great comment. Thank you.
This explains why the average quality of life/wealth gap between (Socialist) East Europe and West Europe was smaller than the raw difference of GDPs.
- sonnyblarney 7y agoEven if the GDP Soviet Union were measured in other terms, it would still be very bad, the economic output was still utterly abysmal. It went way beyond just 'inefficient'.