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jltsirentoday at 1:47 AM0 repliesview on HN

With Russia it's precisely because of their fundamentals. Too much depends on the people in charge, because Russia never developed effective institutions to constrain their leaders. When they have a good leader, they take a step forward, and when they have a bad leader, they take three steps backward. Bad leaders are always more effective, because it's easier to make things worse.

Medieval Russia was not too different from the rest of Europe, with all the little monarchies and merchant republics. The period of centralization that followed was also similar. But the accidents of history almost all went the same way. Monarchies defeating merchant republics and free cities. Muscovy being too good at conquering its neighbors, turning Russia into a huge centralized empire with little direct competition. The assassination of Alexander II before he could complete his reforms. The unholy mess of 1917–1922. The idealism of Gorbachev and Yeltsin that turned their reforms into a disaster.