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Professor Aleksandr Buzgalin of Moscow State University says 50 percent of the Russian population is living on $300 a month or less not only due to oil prices and sanctions, but large internal inefficiencies

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Aleksandr Buzgalin is a Professor of Political Economy at Moscow State University. He is also editor of the independent democratic left magazine Alternatives, and is a coordinator of the Russian social movement Alternatives, author of more then 20 books and hundreds of articles, translated into English, German and many other languages.