Simple version: Soviets didn’t pay market wages so they had near slave labor costs. Chinese saw this and used market wages and an export economy. So Russia saw low capital returns, low productivity, and vast corruption. China sees vast corruption, but produces high productivity.
Source date (UTC): 2022-03-30 18:10:50 UTC
Original post: https://twitter.com/i/web/status/1509231693932240896
Reply addressees: @ElRaito1
Replying to: https://twitter.com/i/web/status/1509229941140897796
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