Lmao this episode reminds me of the Russian joke "everything the Soviets said about communism was false. unfortunately everything they said about capitalism was true"
actually he is shittalking af the people knew everything they needed to know about capitalism but if you dont get your wage and your family is starving you have to sell those shares, my family is from east germany and they could barely survive because they had university degrees and understood capitalism because school taught them what kind of shit that is
And here we heard the tipical nationalist idiot. He considered the same killing, torturing KGB people heroes of the Soviet Union but now suddenly they becam jews.
The moment I heard the voucher scheme I guessed what's coming. This has further cemented in my mind that Yeltsin was just a power hungry individual and not a reformer.
So I myself am Russian, 19yo. This is entertaining, very true, and, sadly a problem that gets worse every single day. This transition happened not only in oil industry, but other too. Literally the only industry growing itself without the support of the government is.. web. Including software developers (ugh.. only some) and almost no hardware. The last one standing is getting tortured now too.
Did that voucher system come from the Think Tank? 'Cause we tried that over here when we left the British, and it led to Shay's Rebellion which nearly destroyed the country...
I think some Yelstin-era oligarchs still are in the game who just compromised with the new tide some are Vladimir Potanin, Mikhail friedman, Petr Aven etc also some oligarchs also came from different feat of power such as Alisher Usmanov and Vagit Alekperov these two were powerful in politics one in Uzbekistan (at that time part of Soviet Union) another one from (Azerbaijan part of Soviet) Oil Minister from Yeltsin govt. Also another type of one who cannot be called an Oligarch because he doesn’t operate from Russia or neither citizen but still act and does business as oligarch who is Len Blavatnik.
How were there rich people right after the end of the socialist country? A video of what happened to Oligarchs after the arrival o Putin would be interesting.
You've got the right question! There were no rich people right after the collapse of SU (I mean people worth at least $1M). And due to the crash of the local currency and lack of foreign cash among the population (owning bucks for prolonged time was a criminal offence in the SU), even richest people didn't have enough resources to buy even the land under a smallest privatized property. Basically party leaders performed handouts of the real money to their friends in order to perform privatization. No publicly available banking system that could make privatization work were made. No laws regarding shared investment funds, etc. Moreover, no private property protection was offered. In most cases when farmers got state farms collectively privatized their elected managers were gunned down by crooks and mafia. My parents are educated. They were investing their vouchers and some savings into the Moscow City project (which was built). But when that project gained some traction, crooks came and took it over asking initial shareholders to go f themselves.
Basically they tried to do a rush job of capitalism, with help from the US. For the US government, they were able to cripple (or further cripple) the economy of their cold war rival. When people talk about the benefits of a free market, they are usually thinking of a place that already has strict private property rules and courts to some degree. If you don't have that, or that apparatus fails, then you have ownership being grabbed left and right, and politicians giving favors to their friends.
I used to repair Alekperov's son's RR Wraith. And pensions in Russia are about $40-$250. This happens in one country, in one culture, at the same time, right on my eyes. It's quite dissonant. Such a nice way to make buisness...
I guess any time we have an economic crash this kind of stuff happens in the US. More monopolies. It's not quite like it was in Russia I think (they went from 0 to 100).
Say whatever you want. Turning millions into billions is no easy task. Look how many have won the lottery, and how many have become billionaires with the winning money.
Nam Phan Exactly, people think it's easy to turn a million into more. If we were to pick at random 1000 times a million was handed to an individual most of the people handed the million will lose it and go broke, some will buy a house and retire, few will maintain the million and slightly take a lose or slight gain some money and the very few/ rare breeds will at minimum 10X so if we're talking about a million to a billion+ that's exceptional. The business mind, hustle and knowing how to use money to make more money while learning politics and how to do business with the right people at the right time is something that very few people know how to do.
4:25 I've heard that this one-third for outside investment is a major grudge russians hold against the west, as it allowed western foreign corporations to run rampant through the cultured-shocked russian economy and huge capital outflows throughout the 90s
China started installing elements of free market bottom-to-top, to eduacte population while maintainng strategic control. Soviet block attempted new system with old top-to-bottom approach. Results are well known and visible. Russia has economy size of about South Korea, Poland is about half of US DoD budget or Norway Welfare Fund.
No, he bought it so he has an asset outside of Russia in case of oil crash/government collapse/him falling out of favour with the government. The owner of AS Monaco is doing the same thing. You might know him as the recent seller of the Da Vinci painting.
sundown220 i never ubderstood why these dont just buy stocks on the stock market or government bonds of whichever country they want or buy shares in an investment fund.... like normal people.
Cool paralax dude! But idk if i like the purple everywhere, thats just me. I wish your video can be more colourfull like Kurtzegat. But, cool editing anyway :)
love your chanel ,you are one of the best chanels on youtube but you are an unknown star , you should do next one of those companies :shell,amd,cannon,supreme,general electric,hsbc,allianz,breitling,nec,bose,airbus
Trickle down economics is society is not people living at the expense of others, if the common good was a constitutional obligation of a government a right of citizenship. What is that makes it to be British, Russian or American now then ever?🌠🌠
then, Boris Yeltsin, like Soekarno the 1st President of Indonesia, understood Politic, but not Economy. What is GDP? What is GNP? How much money to be printed.
they have gas stations in the US ... seems there is a strong move to boycott them and BP has been forced to sell or dispose of its 14% stake in the business....
The head of the French oil giant passes away, CEO of French oil major Total, Christophe de Margerie, was killed when his private jet collided with Putin snow plough
Even better make an problem then give the solution for it like with phones we didnt all need an smartphone till we marketed it as the thing you couldnt live without. Now everybody has one and the companies behind them are turning over millions
That doesn't really go with what happened in the video. They became successful by exploiting positions of power or knowledge they already had over the general population. Not things they usually worked for but were born into. The exploited the ignorance of the general public to get to where they were. There's a difference between problem solving and exploitation.
Good companies and bad companies exist, neutral companies exist. Opportunistically good and bad companies exist. There's no need to be either pro-business or anti-business 100% of the time, we shouldn't form tribes around this. Instead, be pro-society, judge companies on a case by case basis and remember that, like nature, capitalism has no morality of its own, but is simply what emerges when humans reach a certain population density and level of technological development. We should be wary of companies, we should be aware of their motives and we shouldn't be suckers for their marketing (just as we shouldn't be suckers for any kind of propaganda), but capitalism remains the most reliably efficient way for a large technological population to use its resources.
Потому что олигархи , да и власть в целом не сильно козырят тем как они пришли к власти и почему в стране всё так плохо. А в школах рассказывают только о том что нужно слушать власть имеющих и размахивать георгиевскими ленточками раз в год...
Théo the living standard for the average russian got worst after the the end of the ussr and socialism in russia and still haven't recovered because the economy shifted from a self sustaining but under capitalism unprofitable economy to an oil dominating economy were products that were previously produced in the country needed to be imported (and the huge loss of jobs for the working class because those old industries were closed)
@@eevee5jdm483 Don't compare Russia's oligarchy to capitalism there is no open market there is no competition therefore there is no prosperity and people can't gain from economic progress, it went from state controlled economy to state and associates controlled economy , Russia is doomed no matter what system it tries to incorporate because the heads of state are corrupt
You hit the nail on the head, sir. And VP did a lot of other things for simple ppl after that, too. That is why he has been popular with simple Russians.
At least some businesses are running in Russia, sadly many countries which were ran by communist parties after the period 1989-91 companies and factories were privatized and bought for less than 1 dollar, corruption occurred... and some people become millionaires just for one night....
@@braincoolo9399 Yeltsin put Putin in office. So we didn't even vote for the guy! Fortunately for him, he gained approval from the people through a rising economy (linked to higher oil prices) and by managing to calm Chechnya. He then had enough power to do what he pleased, and his tough-guy image allowed it. Then he again reignited the old Soviet mistrust of the West in the people. After this and the events in Ukraine, as well as boosted patriotism in the Russian population, reintegrating Crimea only solidified his position further.
The US didn't have to do much. If you understand Russians and how cruel they can be to each other then you would know it was themselves who destroyed themselves during that time. The Oligarchs are the modern day versions of Boyars from Medieval and Imperial Russia.
The video literally explained it to you. The oligarchs abused the switch from communism to capitalism because they were themselves communists with great power already. The american 1 percenters are just people who were very good at something and created value through they knowledge.
not really because they were corrupt and in close contact with the government, in fact many of them literally were the former government or even still have some part in it, plus since it had been communist or whatever the ordinary man had no such thing as personal savings and whatnot to do smart investment, rigged privatization, they probably should have just sold the entire companies to the highest bidders internationally.
I just hate how everytime the Eastern block is portrayed by a westner it is said to be like a living shithole. No, a fridge was not a luxury. Everyone had a fridge and I can tell you that there are more people today in the ex-commie countries that will consider a fridge a luxury than there were before. And no one was starving, crops were grown everywhere. We didn't have bananas but we never had food shortages and everyone could afford food. Yeah, $30 might be the typical wage, but consider that days worth of food was around 50 cents and thats while eating out and eating all you can and with drinks aswell. A lot of the community enterteinment like the movies and museums were free or had a symbolic price of literally 1 cent. It wasn't THAT bad. People wanted communism to fall because they thought the west was even better, little did we know that both regimes had their ups and downs. The Eastern block was not North Korea!
Sir, I beg to differ. The author was absolutely correct in his story about the 'Roaring Nineties' - this was the time when fortunes were made and many ppl lost their lives in ruthless competition wars. Putin stopped this gangster privatisation and started introducing some order. Clearly, Russia is no Heaven on Earth but it quickly became a whole different place - a much safer and better place - after VP came.
The Russian public takes a heck of a beating; from the czars, to Stalin, to the collapse of the union, and even until this very day (sanctions). They're resilient.
In retrospect, the Russian ppl lived much better under the czars than ever after. When VlPut came, he did a lot to raise the living standards, but it is still lower than it used to be until 1917 compared with other industrially developed countries. Probably, because there are way too many syslibs in all the govt agencies both at the high and mid-level, so even a strong person like VP cannot change things completely and cannot turn the tide in favour of simple ppl (~85% of the population). So, AFAIK, the disparity between the narrow circle of oligarchs and capitalist ministers together with their family members, childhood friends, mistresses, etc. etc., on one hand, and the middle class, on the other hand, is greater than in Europe.
My grandparents got a small plot of land and a 2bedroom apartment from those vouchers back in the day.
thhey were prob worth much more
Hope they still own the property.
THEN WHY DO YOU STILL SUPPORT COMMUNISM??
I thought it said voltures instead of vouchers hahaha
How to Become a Billionaire Russian Oligarch: Create a business that resells adidas tracksuits to gopniks
hahaha ebin meam!
But you'd go bankrupt competing with Adidas
BrokenSymetry WeSlav by Boris
LOL
Track suits are very cheap over there so I doubt it.
Lmao this episode reminds me of the Russian joke "everything the Soviets said about communism was false. unfortunately everything they said about capitalism was true"
actually he is shittalking af the people knew everything they needed to know about capitalism but if you dont get your wage and your family is starving you have to sell those shares, my family is from east germany and they could barely survive because they had university degrees and understood capitalism because school taught them what kind of shit that is
Socialism is utopian
@@srajandikshit7590 Sure.
@@srajandikshit7590 capitalism is dystopian
lol is this the russian background theme from Civilization?
TierZoo In the beginning? Yeah. It's a traditional russian song known as Kalinka
MAke more videos
TierZoo Tetris theme song?
How to main Oligarch.
pls nerf
Russian oligarch tier list
_in soviet russia, the oil refines you_
Blaz Blaz this makes me proud since im Jewish
And here we heard the tipical nationalist idiot.
He considered the same killing, torturing KGB people heroes of the Soviet Union but now suddenly they becam jews.
Please do East India Company
Chris Johnson I know he will do it...Just wait, the dude comes prepared, and strong.
Please do one about the Rothschild family
That would be an interesting video indeed
World first Drug Cartel.
The moment I heard the voucher scheme I guessed what's coming. This has further cemented in my mind that Yeltsin was just a power hungry individual and not a reformer.
The visual presentation in this video was really a step up from your previous ones, great work.
This format is very smooth / the style of the video combined with dry facts, makes learning so much enjoyable.
So I myself am Russian, 19yo. This is entertaining, very true, and, sadly a problem that gets worse every single day. This transition happened not only in oil industry, but other too. Literally the only industry growing itself without the support of the government is.. web. Including software developers (ugh.. only some) and almost no hardware. The last one standing is getting tortured now too.
Me too, I left russia now
2 decades ago Lukoil purchased the largest industrial enterprise in my country (Bulgaria) - an oil refinery near the Black Sea coast...
Your progress in editing really stands out in this video's crips animations. Great job, keep it up!
Did that voucher system come from the Think Tank? 'Cause we tried that over here when we left the British, and it led to Shay's Rebellion which nearly destroyed the country...
I think some Yelstin-era oligarchs still are in the game who just compromised with the new tide some are Vladimir Potanin, Mikhail friedman, Petr Aven etc also some oligarchs also came from different feat of power such as Alisher Usmanov and Vagit Alekperov these two were powerful in politics one in Uzbekistan (at that time part of Soviet Union) another one from (Azerbaijan part of Soviet) Oil Minister from Yeltsin govt. Also another type of one who cannot be called an Oligarch because he doesn’t operate from Russia or neither citizen but still act and does business as oligarch who is Len Blavatnik.
How were there rich people right after the end of the socialist country?
A video of what happened to Oligarchs after the arrival o Putin would be interesting.
You've got the right question! There were no rich people right after the collapse of SU (I mean people worth at least $1M). And due to the crash of the local currency and lack of foreign cash among the population (owning bucks for prolonged time was a criminal offence in the SU), even richest people didn't have enough resources to buy even the land under a smallest privatized property.
Basically party leaders performed handouts of the real money to their friends in order to perform privatization.
No publicly available banking system that could make privatization work were made. No laws regarding shared investment funds, etc.
Moreover, no private property protection was offered. In most cases when farmers got state farms collectively privatized their elected managers were gunned down by crooks and mafia.
My parents are educated. They were investing their vouchers and some savings into the Moscow City project (which was built). But when that project gained some traction, crooks came and took it over asking initial shareholders to go f themselves.
Basically they tried to do a rush job of capitalism, with help from the US. For the US government, they were able to cripple (or further cripple) the economy of their cold war rival. When people talk about the benefits of a free market, they are usually thinking of a place that already has strict private property rules and courts to some degree. If you don't have that, or that apparatus fails, then you have ownership being grabbed left and right, and politicians giving favors to their friends.
I used to repair Alekperov's son's RR Wraith. And pensions in Russia are about $40-$250. This happens in one country, in one culture, at the same time, right on my eyes. It's quite dissonant. Such a nice way to make buisness...
Pretty much the same has happened like a 100 years ago in the US.
Big fish eats small fish... that's the truth.
I guess any time we have an economic crash this kind of stuff happens in the US. More monopolies. It's not quite like it was in Russia I think (they went from 0 to 100).
Lukoil had a location in my city in Massachusetts. It was changed to a BP.
Because of sanctions, they sold it all
*All you need to become a billionaire is a small loan of million dollars*
Just a joke
you are everywhere
Justin Y. you're everywhere
Say whatever you want. Turning millions into billions is no easy task. Look how many have won the lottery, and how many have become billionaires with the winning money.
Nam Phan Exactly, people think it's easy to turn a million into more. If we were to pick at random 1000 times a million was handed to an individual most of the people handed the million will lose it and go broke, some will buy a house and retire, few will maintain the million and slightly take a lose or slight gain some money and the very few/ rare breeds will at minimum 10X so if we're talking about a million to a billion+ that's exceptional. The business mind, hustle and knowing how to use money to make more money while learning politics and how to do business with the right people at the right time is something that very few people know how to do.
Denied!. Bye.
Go back to your usual desk job.
Do british petroleum
KeepOnDreamingDude braco
You mean diluted russian petrol?
"Businessmen"
2nd. Now, where do I kill my business rivals?
Quality editing man, your channel is growing in quality with every episode, keep it up!
4:25 I've heard that this one-third for outside investment is a major grudge russians hold against the west, as it allowed western foreign corporations to run rampant through the cultured-shocked russian economy and huge capital outflows throughout the 90s
Rocket Propelled Mexican there are even bigger outflows now
Please do Valve :)
I think they should have kept big industries such as oil public
China started installing elements of free market bottom-to-top, to eduacte population while maintainng strategic control. Soviet block attempted new system with old top-to-bottom approach. Results are well known and visible. Russia has economy size of about South Korea, Poland is about half of US DoD budget or Norway Welfare Fund.
So is Chelsea's owner doing money laundering through the club ?.
Probably
No, he bought it so he has an asset outside of Russia in case of oil crash/government collapse/him falling out of favour with the government. The owner of AS Monaco is doing the same thing. You might know him as the recent seller of the Da Vinci painting.
sundown220 i never ubderstood why these dont just buy stocks on the stock market or government bonds of whichever country they want or buy shares in an investment fund.... like normal people.
Please do Friedrich Krupp AG, it has really long and interesting history
Cool paralax dude! But idk if i like the purple everywhere, thats just me. I wish your video can be more colourfull like Kurtzegat. But, cool editing anyway :)
Great work as usual.
love your chanel ,you are one of the best chanels on youtube but you are an unknown star , you should do next one of those companies :shell,amd,cannon,supreme,general electric,hsbc,allianz,breitling,nec,bose,airbus
In nowadays Russia only Lukoil is private, but all other oil
companies are state owned.
That was interesting. Thanks for uploading.
Great video as always!
UNDERRATED CHANNEL!
Trickle down economics is society is not people living at the expense of others, if the common good was a constitutional obligation of a government a right of citizenship. What is that makes it to be British, Russian or American now then ever?🌠🌠
Lesson learned: Don't give stock vouchers, or if you happen to have them, sell them at a higher price upfront
I found it very interesting thanks bro
I love your videos!!
then, Boris Yeltsin, like Soekarno the 1st President of Indonesia, understood Politic, but not Economy. What is GDP? What is GNP? How much money to be printed.
they have gas stations in the US ... seems there is a strong move to boycott them and BP has been forced to sell or dispose of its 14% stake in the business....
Thanks
So, having covered Lukoil, would you be interested in covering Schlumberger?
Excited to explore please
Make poutine for Putin and he will give you anything.
Knowledge Headquarters 😂 doubt he has even had poutine before
lol Canada Tar Sands?
Don't let my great Canadian secret out
The background music, where can I find it?
Kalinka, old russian folk music
The head of the French oil giant passes away, CEO of French oil major Total, Christophe de Margerie, was killed when his private jet collided with Putin snow plough
On 4:18 there is a photo of a bus with "Одесса" (Odessa) written on it. Odessa is a Ukrainian city, not Russian!!!
“How to become a millionaire” - find a problem and solve it. Then charge for it.
Even better make an problem then give the solution for it like with phones we didnt all need an smartphone till we marketed it as the thing you couldnt live without. Now everybody has one and the companies behind them are turning over millions
Like how prisons were privatized, because publicly ran prisons were a problem.... for some reason.
*Be a corrupt and then support The Corrupt Government*
That doesn't really go with what happened in the video. They became successful by exploiting positions of power or knowledge they already had over the general population. Not things they usually worked for but were born into. The exploited the ignorance of the general public to get to where they were. There's a difference between problem solving and exploitation.
Good companies and bad companies exist, neutral companies exist. Opportunistically good and bad companies exist. There's no need to be either pro-business or anti-business 100% of the time, we shouldn't form tribes around this.
Instead, be pro-society, judge companies on a case by case basis and remember that, like nature, capitalism has no morality of its own, but is simply what emerges when humans reach a certain population density and level of technological development.
We should be wary of companies, we should be aware of their motives and we shouldn't be suckers for their marketing (just as we shouldn't be suckers for any kind of propaganda), but capitalism remains the most reliably efficient way for a large technological population to use its resources.
If not the music, I would like this video
My favourite channel
I like the kalinka in the background
The pictures do their job in keeping the environment going but quite a few a really random with regards to what the author highlights at the time.
The people of Russia have never been dealt a fair hand :(
Вот какого хуя я узнаю эту информацию от западного блогера? В школе этому надо было учить, стыдно!
Bulgaria is not exactly western.
Потому что олигархи , да и власть в целом не сильно козырят тем как они пришли к власти и почему в стране всё так плохо. А в школах рассказывают только о том что нужно слушать власть имеющих и размахивать георгиевскими ленточками раз в год...
Nothing in this vid has ever been top secret and then declassified :) To learn more, look for Prof. Fursov and Prof. Katasonov on RUclips.
How to become a Russian oligarch: Steal the hard work of Soviet society.
As if the soviet were any better hunh ?
Stealing from those who have nothing will make you rich. Wow..what a brilliant idea. I wonder why America isn't attacking Nepal.
Théo the living standard for the average russian got worst after the the end of the ussr and socialism in russia and still haven't recovered because the economy shifted from a self sustaining but under capitalism unprofitable economy to an oil dominating economy were products that were previously produced in the country needed to be imported (and the huge loss of jobs for the working class because those old industries were closed)
@@eevee5jdm483 Russia is not a free country it is full of crony capitalism.
@@eevee5jdm483 Don't compare Russia's oligarchy to capitalism there is no open market there is no competition therefore there is no prosperity and people can't gain from economic progress, it went from state controlled economy to state and associates controlled economy , Russia is doomed no matter what system it tries to incorporate because the heads of state are corrupt
Can you do Staples since you looked at a smililar company in Radio Shack. By the way I love your videos!
Can you do a video about one of the big tabaco companies?
Wow, need more content about oil, fascinating
4:18 , That is an ukranian bus going to Odessa
Прикольно. Good video, share with friends )
may you do one episode about Gazprom?
how is this any different from usa?
Please Make a video on IKEA
He's already done multiple, you're ignorance is so bad I feel dirty for helping you.
Amazing!
Without Putin old people would still have to choose to turn on the heater or buy food instead. The perestroika was a desaster to russian people.
Without him world would be better. Every country who think they world power is f%kin peace of shit.
You hit the nail on the head, sir. And VP did a lot of other things for simple ppl after that, too. That is why he has been popular with simple Russians.
lol,I live in Burgas - here Lukoil refines the oil and sends it trought the Balkans. It's also one of the reasons why the air quality here is so bad
Can someone please tell me the name of the song in he background of most of the video? Thanks
At least some businesses are running in Russia, sadly many countries which were ran by communist parties after the period 1989-91 companies and factories were privatized and bought for less than 1 dollar, corruption occurred... and some people become millionaires just for one night....
Yeltsin was a mistake
Putin is bad as well, I can tell you that as a russian, but he is not as bad as YELTSIN
@@braincoolo9399 Yeltsin put Putin in office. So we didn't even vote for the guy! Fortunately for him, he gained approval from the people through a rising economy (linked to higher oil prices) and by managing to calm Chechnya. He then had enough power to do what he pleased, and his tough-guy image allowed it. Then he again reignited the old Soviet mistrust of the West in the people. After this and the events in Ukraine, as well as boosted patriotism in the Russian population, reintegrating Crimea only solidified his position further.
@@samovarmaker9673 yeah, such a sad century for my home:(
Make a Video on Tata Company(Indian Company).
Hi good video, can you make 1 about HBO Netflix... streaming platforms PLEASE)
BlackX Cmop I think he has already made on on netflix
which videomaker are u using for your videos???
I can‘t believe it..
Unknown Dude but it’s true
Can you tell how hollywood became one of the biggest in the film industry
something something tax exemption something's something daylight something something cheap land
Jooze
Is the editing in is better than usual or is it just me? Not that his videos don't normally have good editing.
Do Microsoft
All approved by USA who heavily meddled in Russia in the 90s
Proof
The US didn't have to do much. If you understand Russians and how cruel they can be to each other then you would know it was themselves who destroyed themselves during that time. The Oligarchs are the modern day versions of Boyars from Medieval and Imperial Russia.
Ooooooo, EXCELLENT topic!
Vahid Alekberov Azerbaijan Bussinesman
What’s the difference between a Russian Oligarch and an American 1 percenter aside from origin?
In us they speak english
The video literally explained it to you. The oligarchs abused the switch from communism to capitalism because they were themselves communists with great power already. The american 1 percenters are just people who were very good at something and created value through they knowledge.
Lukoil? Why not Gazprom
Do a profile for Roman Abramovic
the channel Umaxit more or less did a basic history of him
Hahaha, i think the West must miss that Russian era very very much~
this is why we need electric cars
We do need electric cars but this is one of the few reasons to stick with gasoline. I can't believe how backwards you are.
whatever you pick, it'll just give birth to new types of oligarch.
Khalid Its no wonder why Americans dont want to invest in solar energy. Its free and cheap and everywhere
Is oil going to run out though completely?
100 more years
Russia was devastated by that decision
great video as usual
But they took a pretty high risk when buy that coupons in that circumstance
not really because they were corrupt and in close contact with the government, in fact many of them literally were the former government or even still have some part in it, plus since it had been communist or whatever the ordinary man had no such thing as personal savings and whatnot to do smart investment, rigged privatization, they probably should have just sold the entire companies to the highest bidders internationally.
I just hate how everytime the Eastern block is portrayed by a westner it is said to be like a living shithole. No, a fridge was not a luxury. Everyone had a fridge and I can tell you that there are more people today in the ex-commie countries that will consider a fridge a luxury than there were before. And no one was starving, crops were grown everywhere. We didn't have bananas but we never had food shortages and everyone could afford food. Yeah, $30 might be the typical wage, but consider that days worth of food was around 50 cents and thats while eating out and eating all you can and with drinks aswell. A lot of the community enterteinment like the movies and museums were free or had a symbolic price of literally 1 cent. It wasn't THAT bad. People wanted communism to fall because they thought the west was even better, little did we know that both regimes had their ups and downs. The Eastern block was not North Korea!
well i dont see your degree
The funny thing is - we have no idea what North Korea is.
Of course there were no famines, except for the 5+ famines that happened. Forgetting the holodomor?
It is a shithole kinda, but its blown out of poporation
How did you do a video on Lukoil and not Gazprom or even Rosneft?
rosneft and gazprom are state owned. lukoil is a private company
@@isuru717 you haven't told me anything I didn't know already....
Does anyone know the music that starts from 0:28
Russian Folk - Troika (balalaika)
Lavish luxuries like a refrigerator. What???
How to become a Russian oligarch: Connection to and undying loyalty to Putin...
Sir, I beg to differ. The author was absolutely correct in his story about the 'Roaring Nineties' - this was the time when fortunes were made and many ppl lost their lives in ruthless competition wars.
Putin stopped this gangster privatisation and started introducing some order. Clearly, Russia is no Heaven on Earth but it quickly became a whole different place - a much safer and better place - after VP came.
The Russian public takes a heck of a beating; from the czars, to Stalin, to the collapse of the union, and even until this very day (sanctions).
They're resilient.
They're dumb sheep
In retrospect, the Russian ppl lived much better under the czars than ever after. When VlPut came, he did a lot to raise the living standards, but it is still lower than it used to be until 1917 compared with other industrially developed countries. Probably, because there are way too many syslibs in all the govt agencies both at the high and mid-level, so even a strong person like VP cannot change things completely and cannot turn the tide in favour of simple ppl (~85% of the population). So, AFAIK, the disparity between the narrow circle of oligarchs and capitalist ministers together with their family members, childhood friends, mistresses, etc. etc., on one hand, and the middle class, on the other hand, is greater than in Europe.
Russia has $75 trillion in natural resources according to the world bank. Oil isn't its only strength they also produce a lot of diamonds.
Do one on Nabisco
your content is great!