Started the chapter on Communist and post communist societies. Russia, China and Eastern Europe covered in this chapter. Brief history of USSR. How Lenin was ok with mix market economy? How the massive inequality of Tsarist society with 40% serfdom led to the revolution...Stalin's totalitarian approach...5% of adult male population imprisoned. Russia grows between the wars but then stagnates. 1970 edition of Samuelson's Economics textbook expected USST to overtake USA by 1990 in production, but then total collapse. Inequality grew in terms of privileges though private property wasn't there. And now Russia is a symbol of hypercapitalism with maximum oligarchs.
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