He's learned nothing since the collapse of the former Soviet Union. The "strong industrial base" was so miscoordinated that it was fundamentally unable to produce things that the Russian people actually wanted and needed. The inability to undertake economic calculation is typical of centrally planned economies that lack private ownership of the means of production.
Additionally, whatever industrial base the former S.U. had by 1990 came about because of decades of direct subsidy from the western, semi-capitalist, non-socialist countries (including the U.S.). Read "Western Technology and Soviet Economic Development, 1930 to 1945" by Antony C. Sutton, published by the Hoover Institute.
Sounds just like what we've been doing with Red China since Tricky Dick and Machiavellian Globalist Henry K. opened the door to the Chicoms.