SOCHI, October 21. /TASS/: The existing model of capitalism has reached its limits, said Russian President Vladimir Putin.
"Everyone says that the existing model of capitalism, which the basis of social structure in the overwhelming majority of countries, has run its course," the head of state said, speaking on Thursday at a meeting of the Valdai International Club.
According to him, this model can no longer offer a way out of the "snarl of increasingly tangled contradictions."
"Everywhere, even in the richest countries and regions, the uneven distribution of material wealth leads to aggravating inequality," the head of state added.
