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After Russia reverts to centrally planned and state driven economy, all of a sudden economic growth in Russia is beating the west. (www.telegraph.co.uk)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 19 points 9 months ago (1 children)

Rostec is a military manufacturer! further, what you're describing isn't supported by the article and doesn't really sound like central planning. when Pemex has a good year Mexico is not any less neoliberal

[–] [email protected] 22 points 9 months ago* (last edited 9 months ago) (1 children)

I'm not going by just the article itself. Details of Russian economy are well documented.

Rostec is also a lot more than just a military manufacturer. Meanwhile, there have been plenty of articles over the past two years that explain how Russia is reverting back from liberal policies and putting the state in commanding heights of the economy.

A 2023 World Bank study gives a pretty good overview. In particular, it distinguishes between businesses of the state (BOS), that are at least 10% government owned by some government, and state owned enterprises (SOE), which are majority owned or more, and controlled, by the government.

Top line result is shown in the following chart:

And here's another chart showing SOE in Russia compared with China https://cepr.org/voxeu/columns/state-owned-enterprises-global-economy-reason-concern

Russia's high levels of SOEs is not far behind China by many measures.

Central bank plays a big role in Russia as well, and has large influence over the funding of the private enterprise. FT even moaned about state directed economy standing up to sanctions back in 2022.

Finally, here's an article talking deprivatization of Russian economy.