God did not ordain the supposed equality of communism, for ancient Israel. Nor did he allow unregulated capitalism with large monopolies. This trend was countered by regular redistribution and debt alleviation.
Governments, through poor planning, are more to blame for squalor than economics. Compare scenic African villages, the likes of which eco-tourists would pay big money to stay in, with an African shanty town.
Prices are affected by interest rates, as surely as they are affected by wages. Low interest rates improve the ratio of wages to prices, according to the mathematical equation presented.
For an economy to grow capital is needed to invest in labour to build factories. Russia has skilled labour but little capital. The answer is to invest labour rather than capital.
To only tax profits may discourage well run businesses, and help tax avoidance. To tax the utilisation of assets instead, may lift the burden of tax on efficiency, allowing more reinvestment and growth.
A socialist pocket in the economy, if it produced in abundance, goods in meagre supply, or if it consumed the goods it produced and did not drain the main economy, could absorb the unemployed.
Product quality is as important to standard of living as wages. What is the use of having twice the buying power if built in obselescence halves the life of the products bought.
It is better to give people the means to help themselves than to supply all their needs. Governments, by usurping the role of the family in welfare and care, create inefficiencies that burden with taxes, those whom they are supposed to be helping.