Putin model & Russia's future

The Soviet system collapsed because its economy underperformed. From growing faster than the developed market economies in the 1950s and 1960s, and matching their speed in the 1970s, Soviet growth in the 1980s slipped to well below those of the market economies. By 2000, when Vladimir Putin came on the scene, Russia was on its knees as its economy had shrunk by nearly a half since the Soviet collapse, causing widespread misery.

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