Russia made a 180 turn from Stalin days. They now have a very reasonable rate flat income tax!
China has also jumped on the capitalism bandwagon, getting away from Mao’s Great Leap Forward. China now has one million (US $$) millionaires, where as during Mao’s China had 13.
But good ole USA elects a community organizer from Chicago political background who wants to create trickle up poverty with his Obamacare and redistribute the wealth dogma.
Russia made a 180 turn from Stalin days. They now have a very reasonable rate flat income tax!
This what I was thinking as I read the article.
After the Second Russian Revolution,they went thru a period of economic anarchy. Then they turned to oligarchic capitalism. Lots to criticize about any country and Russia has intimidated their neighbors and worse, but isn’t it also interesting that Putin has declared support for Christianity and sees homosexuality as a national threat?
Things move fast in today’s world and 21st century Americans aren’t Russian serfs, so I think that our brand of hard socialism trending towards communism will be short lived compared to the Russian experience. It will have to be long enough for everyone to become disillusioned. No telling what the reactionary phase will bring, though. Probably some resurgence of individualism and capitalism, though. I hope.