Actually, Russia has vast natural resources, but much of the wealth is concentrated in the hands of oligarchs. The post-communist period in Russia was marked by violent power struggles between oligarchs, often involving private militias or hired hitmen targeting rival businessmen. Perhaps it just wasn’t as visible in the US.
BTW, do not forget that most rich men in the US (Elon, Mark, Jeff) are rich on paper (stock market, company shares), while Russian millionaires have real physical control over resources or industries (eg Vladimir Potanin - rare earth elements, Vagit Alekperov - oil, Leonid Mikhelson - gas).
But that would hurt the earnings of the mega wealthy, clearly can never be allowed to happen.
Idk we’ll see what happens when the rich people start eating themselves. I’m actually excited for this stage of capitalism.
May be something like Russia after the fall of communism or like Mexico with all its cartels and private armies?
Ah yes famously wealthy countries, the Soviet Union and Mexico, who went to hell when they stopped catering to the ultra-rich…
Actually, Russia has vast natural resources, but much of the wealth is concentrated in the hands of oligarchs. The post-communist period in Russia was marked by violent power struggles between oligarchs, often involving private militias or hired hitmen targeting rival businessmen. Perhaps it just wasn’t as visible in the US.
BTW, do not forget that most rich men in the US (Elon, Mark, Jeff) are rich on paper (stock market, company shares), while Russian millionaires have real physical control over resources or industries (eg Vladimir Potanin - rare earth elements, Vagit Alekperov - oil, Leonid Mikhelson - gas).