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I've lived in both and the difference between them is even starker in person. So much of Russias wealth is concentrated in so few hands. The median Chinese is d

I've lived in both and the difference between them is even starker in person. So much of Russias wealth is concentrated in so few hands. The median Chinese is doing so immeasurably better and that gap will only grow. Russias a nuclear power which counts for a lot on the world stage but economically the country is in terrible shape even before the sanctions.

dogma1138 5y ago
Russias economy is about the size of Spain tho that doesn’t account for the shadow economy run by the oligarchs but even that is probably negligible compared to the scale of national economies. Russia is piss poor and it’s probably the best example of how much the wealth of a nation is dependent on its government and its civic institutions. Russia isn’t just rich in a single resource and it has a highly educated and culturally rich society. It has all the ingredients to be the most prosperous nation on the planet and yet nearly ever since it’s inception as a state (and I mean every iteration of it) it has had its head so high up its ass that it’s a world power nearly solely due to its remarkable ability to fail upwards.