Well said unfortunately. To add… The brain drain was already bad at the turn of the shock therapy and now with the pending economic reality and this war along with more regressive policies I can’t help but think its gonna get worse.
I didn’t realise how bad shock therapy was for them until I read into it. The redistribution of wealth.
A quote “For the years 1987 and 1988, roughly 2% of Russia population lived in poverty (surviving on less than $4 a day), by 1993-1995, it was 50%”. That even if remotely accurate even with parameters for poverty changing is terrible
deleted by creator
I read the book The Piratization of Russia about it, the author was an anticommunist lib and he still thought it was all a massive disaster.
Well said unfortunately. To add… The brain drain was already bad at the turn of the shock therapy and now with the pending economic reality and this war along with more regressive policies I can’t help but think its gonna get worse.
deleted by creator
I didn’t realise how bad shock therapy was for them until I read into it. The redistribution of wealth. A quote “For the years 1987 and 1988, roughly 2% of Russia population lived in poverty (surviving on less than $4 a day), by 1993-1995, it was 50%”. That even if remotely accurate even with parameters for poverty changing is terrible