You know that this was written in 1999 right ? 1999.
1999.
What happened after 1999 ?
Between 2000 and 2008, the GDP grew by 83%, productivity grew by 70%, and expenses for accumulating fixed capital doubled in real terms. Whereas in 1999, per capita GDP by
purchasing power parity (PPP) was $9,300 (only 25% above the global average), by 2008, this indicator had increased to $21,600 (78% above the global average). Russia's share in the world economy grew fourfold over the same period, from 0.6% to 2.7%. The welfare of the population increased considerably:
real wages increased by 3.4 times, and real pensions increased by 2.8 times.
Putin identified what was wrong, had a plan and executed it.