CarwilBJ's avatarCarwilBJ's Twitter Archive—№ 30,788

        1. Americans were asked "Which of the following do you think best describes Russia?" 42% said Communist | 13% said socialist. Wrong and wrong.
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      1. …in reply to @CarwilBJ
        Two thirds of the Russian economy is in private hands. Government expenditure (as a share of the economy) is comparable with US levels. Income inequality in Russia is at US levels.
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    1. …in reply to @CarwilBJ
      The bottom half of Russians have experienced negative income growth since 1989 (earning less now than before the Berlin Wall fell), while the top 1% took most of the economic growth.
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  1. …in reply to @CarwilBJ
    Americans are tragically under-informed about world events. This is true across the political spectrum.
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    1. …in reply to @CarwilBJ
      The ideological confrontation between economics systems from 1945 to 1989 was the central organizing principle of the Cold War, and most Americans have no idea how that turned out for our principal adversary.
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      1. …in reply to @CarwilBJ
        There's a case that the 17% who said "something else" are onto something, if one wants to treat state-connected crony capitailsm as an exception to capitalism. (Åslund, How Capitalism Was Built)
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