How is it possible that Russia per capita GDP is so low, compared to Western Europe?
Wladimir Feldman, studied Economics (1998)
A picture worth a thousand words.
This is a photo I’ve made just outside of my office:
This wooden houses are more than 100 years old but people still live in them because they do not have money to buy anything better.
And this is a picture I’ve made after a 5-minute walk:
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