The Rather Pathetic Economy of Russia | Economics Explained

The video explores Russia's economic landscape, focusing on its transition from the Soviet era, the implementation of the Washington Consensus, and the challenges of corruption and mismanagement. It discusses the economic reforms under Vladimir Putin, the impact of international sanctions, and evaluates Russia's current economic status. Despite its vast resources, Russia's economy faces significant challenges due to inequality and geopolitical tensions.

What new insight or understanding did you gain from this video?