Abstract
The article presents an analysis of socio-economic reforms in Russia from the early 90s to the present, based on the concept of market liberalism and the maximum weakening of the role of the state in the economy. The negative result that this has led to in terms of the progressive development of society is shown. This makes it possible to assess the current state of the country's economy as a great Russian depression, similar to that Great Depression of the 30s. A possible alternative to the existing course of market liberalism in the form of the concept of the state planning and market economy and steps that will overcome the depressed state of the Russian economy and ensure its real progressive development, accompanied by a proportional improvement in the quality of life of most Russians.
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