Nostalgic Russia

Food

According to a poll, the majority of Russian still prefers a socialist-type economy in order to maintain order.

More than half of all Russians favor a return to a Soviet-style economy and believe democracy could be sacrificed to maintain order, according to an opinion poll published on Thursday. Fifty-two percent of respondents to the poll, conducted by the independent Levada Centre, said they favored an “economy based on state planning and distribution” - a reference to the Communist-era economic system.

The figure has increased by 11 percentage points since 1997. The number of respondents who said they favored an “economy based on private property and market relations” declined in the same period to 29% from 40%. The emergence of the market economy and the introduction of democratic freedom changed Russia's economy dramatically in the years following the collapse of the Soviet Union in 1991.

But privatization has also been accompanied by plummeting living standards for many Russians. President Vladimir Putin, who came to power in 2000, has made restoring order his priority. Opponents say this has damaged democracy and accuse Putin, who has to step down next year, of focusing political and economic power in the Kremlin. Under Putin, the government has also claimed back control over strategic sectors of the economy.

According to the Levada Centre, 69% of respondents believe that “maintaining order is paramount even if democratic principles and personal freedoms need to be breached”. Only 18% of respondents thought otherwise. However, 66% of respondents said they believed authorities should remain under the control of the people, against 55% two years ago. (Gazdasági Rádió)

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.