Today Russia is one of the superpowers in the world with a strong economy. Russia is well known for its engagement in the Cold War between capitalists and communists. On the other hand, the United States is known as a superpower, as capitalists are concerned. Russia and China are among the best-performing socialist countries in the world. The beginning of this socialist economy can be traced back to the Russian Revolution.
The Russian Revolution took place during the closing stages of World War 1 in 1917. Russia and Germany signed the deal of Brest-Litovsk, a peace treaty that enabled Russia to quit World War 1. The Brest-Litovsk treaty ushered in the Soviet Union, which replaced Russia’s traditional Monarchy. The Bolsheviks took power after the Russian Revolution of 1917 and deposed the imperial government. Excessive government corruption, Tsar Nicholas II’s reactionary initiatives, and Russia’s devastating losses in World War I all contributed to widespread discontent and economic struggle in this new Russian economy.
These events made the Russian economy suffer one of its greatest financial disasters. Fewer entrepreneurial chances and competition and slow economic growth were some of the characteristics of the life of Russian people under socialism. On the contrary, economic freedom, economic growth, and consumer choice were aspects of capitalism before the revolution. During the Soviet era, most of Russia’s imperial traditions and customs were suppressed, and the state used its advanced intelligence network to regulate and manage daily life tightly. Religion is another aspect of the new Russia’s changing lifestyles.
Although most Russians are non-religious, many atheists engaged in the now-ubiquitous religious celebrations that have replaced communist ideology. According to Zečević (2019), when the new government came into power, it intended to transform the Russian economy from an agriculturally based to an industrial economy. The government took control of all industry, and the farmland was distributed among the peasants by the landowners. In the long last, Russia became a socialist nation where all the members of the society in the country owned the same portion of production factors.
Reference
Zečević, N. (2019). The Russian Revolution and its impact on the idea of Balkan union (1918–1933): national vs. International. Trames: A Journal of the Humanities and Social Sciences, 23(3), 323-334.