this post was submitted on 29 Nov 2023
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Actually, I don't have numbers on China, but in USSR throughout most of properly recorded economic history 10% of the wealthiest people owned about 20% of all money in the country, give or take depending on the year. In modern Russia, it is about 65% from what I remember, and that doesn't include offshore funds of the oligarchs.
Also, they weren't fascist by any definition. Authoritarian - yes. Fascist - no.
Not arguing for anything here, both countries could be way better, but your claims are wrong.
https://www.statista.com/statistics/1364368/average-wealth-by-percentile-russia/
Thank you! Even worse than I remember.