The Russian Wealth Divide
Victoria Wylie
Posted on June 16th, 2011
Since the collapse of the Soviet Union in 1991, Russia’s richest have more than doubled their wealth. Yet a recent study by Moscow’s Higher School of Economics, (HSE), says that 60% of the country’s population is either no better off or poorer today than they were 20 years ago. The gap between Russia’s richest and poorest is widening while possibly intensifying class-based tensions. Photo Gordon Wiltsie In large cities like Moscow, Western capitalism has raised the standards of living for the top tier of Russian society. On the other hand, pensioners and those living is smaller cities are falling behind, disillusioned with the reform’s promise of a better life. During the Soviet-era, healthcare, education, and housing were subsidized by the government. These days, people…