Russia is a capitalist state largely run by oligarchs, and as BBC reports here, there is little practical difference between the way Russian and US political systems function. Means of production are owned by the rich, and working class people are exploited by them.
Yeah ive heard, some of them rich enough that they own soccer teams. China is also having simmilar issue but apperntly xi jing ping is soon to crack down on that.
From what I’ve seen the big difference with China is that the rich never got control over the core economy or the government. When they pipe up then they get smacked down as happened with Jack Ma. I certainly do hope Xi follows through on the whole common prosperity thing and wealth redistribution he’s talking up.
What makes you say that?
Russia is a capitalist state largely run by oligarchs, and as BBC reports here, there is little practical difference between the way Russian and US political systems function. Means of production are owned by the rich, and working class people are exploited by them.
Yeah ive heard, some of them rich enough that they own soccer teams. China is also having simmilar issue but apperntly xi jing ping is soon to crack down on that.
From what I’ve seen the big difference with China is that the rich never got control over the core economy or the government. When they pipe up then they get smacked down as happened with Jack Ma. I certainly do hope Xi follows through on the whole common prosperity thing and wealth redistribution he’s talking up.