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Income inequality in Russia over the period of the USSR
(hexbear.net)
Source: Piketty's World Inequality Report 2022
I shared this deep in a dunk thread earlier and figured there's probably many comrades who haven't seen this data. I think it's very good rhetorically because a lot of libs have an incredibly vibes-based impression that the Soviet Union was just an Animal Farm old-boss-same-as-the-new-boss situation.
Instead, this demonstrates that Russia underwent one of the most dramatic inversions of income inequality of any country in recorded history.
For comparison here is the US over the same time period:
China:
And the UK:
Yes, unfortunately they let the property market run wild (which didn’t exist before the 2009 GFC btw), and only in the last few years did they start to take it seriously. So they are at least doing something, but the results have been mixed so far.
As far as i have seen property prices have been dropng like a rock in Tier 2 and Tier 3 cities and are dropping a bit even in tier 1