The Legacy of the Russian Revolution of 1917

The video explores the historical economic development of Russia, highlighting its stagnation over the past century. Initially, Russia was on par with countries like Mexico and Brazil and even surpassed Spain and Italy. However, it regressed to a state similar to 100 years ago, with a heavy reliance on raw material exports and foreign bond ownership. The discussion delves into the factors that fueled Russia's growth in the early 20th century, emphasizing the importance of literacy in industrialization. The Soviet Union's focus on literacy under Lenin and Stalin played a crucial role in its economic development.

How did the perception of state planning in countries like China relate to the historical context of Russia's economic development?

What was the significance of achieving 40% and 70% literacy rates in a country?