The Rather Pathetic Economy of Russia
Economics Explained
00:00
Russia and the Financial Crisis of Two Thousand and 14
Despite continued corruption, Russia did do well for itself over the next decade. Large industries became increasingly consolidated but that meant they were able to compete with their larger international rivals. The domestic market was the real winner though. For the first time ever, the russian people had access to a financial system similar to what we take for granted in the west. But an enormous amount of wealth was still being disproportionately and perhaps even unfairly, distributed to a very small group of people.
Transcript
Play full episode
