In socialist states a larger part of the surplus is used to improve the labor pool, which explains the rapid growth.
Sure. If the right policies are prioritized and investments made, it should be much more efficient. Investments in primary healthcare and education in particular tend to be clear winners.
stark contrast from before and after the dissolution
Russia’s sudden shift to oligargchic capitalism was deeply corrupt and destabilising, harming russia itself and much of the neighbourhood.
to say that capitalism improved living standards is just assassine
It’s not capitalism that improves living standards. It’s sustained (and sustainable) growth, stable institutions and investment over time. Both capitalism and socialism can (and have) supported that, each with risks and caveats.
Sure. If the right policies are prioritized and investments made, it should be much more efficient. Investments in primary healthcare and education in particular tend to be clear winners.
Russia’s sudden shift to oligargchic capitalism was deeply corrupt and destabilising, harming russia itself and much of the neighbourhood.
It’s not capitalism that improves living standards. It’s sustained (and sustainable) growth, stable institutions and investment over time. Both capitalism and socialism can (and have) supported that, each with risks and caveats.
Thanks