A lot of Russia's issues stem from the way the government sold off their state owned corporations, which created artificial monopoly/oligopoly owners overnight — often insiders/cronies to begin with. This can be contrasted with traditional market economies where large corporations start off as small companies and become dominant through innovation, growth, and generally meeting consumer demands.
https://economistwritingeveryday.com/2022/03/16/the-transiti...
A lot of Russia's issues stem from the way the government sold off their state owned corporations, which created artificial monopoly/oligopoly owners overnight — often insiders/cronies to begin with. This can be contrasted with traditional market economies where large corporations start off as small companies and become dominant through innovation, growth, and generally meeting consumer demands.