The Modern Economy of Russia

The video explores modern Russia's economic landscape, highlighting its military power but unimpressive economy. It discusses the transition from a Soviet planned economy to a market economy, emphasizing the challenges and instability faced. The Washington Consensus and shock therapy policies are examined, revealing their impact on privatization and economic inequality. The video also delves into wealth inequality, noting the significant offshore wealth held by Russian billionaires, which exacerbates economic disparity.

What are some of the major controversies surrounding modern day Russia?

How does Russia's military power compare to that of the United States?

What economic challenges did Russia face after the collapse of the Soviet Union?

What was Boris Yeltsin's approach to economic reform known as?

What are some of the key prescriptions of the Washington Consensus that were applied in Russia?

What is the Gini coefficient and how does it relate to wealth inequality in Russia?

How has the political instability in Russia affected the wealth of its billionaires?