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Jack comments on Hayekian Prediction Markets? - Less Wrong
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Soviet Union performed fairly average economically. Russians are much much poorer than Americans and Western Europeans because they were much much poorer than Americans and Western Europeans in 1913 before Communism ever started. This holds true even when correcting for initial income - Soviet Union economic performance was not atypical for other countries with similar starting income.
Relevant paper with all the data.
Funny. I totally knew all that in the back of my head. I'm puzzled about why I didn't return any of that myself.
Scary.