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Russia's Crony Capitalism

The Path from Market Economy to Kleptocracy
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( 119 ratings, 12 reviews)
Book Hero Magic crafted this summary to help describe this book. While it's new and still learning, it may not be perfect - your feedback is welcome! Summary
Russia's Crony Capitalism by Anders Aslund delves into the transformation of Russia into a crony capitalist economy. The author analyses the rise of oligarchs and the concentration of wealth and power under Vladimir Putin. Aslund explains how this system of governance impacts Russia's political and economic structures.
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Book Hero Magic created this recommendation. While it's new and still learning, it may not be perfect - your feedback is welcome! IS THIS YOUR NEXT READ?

This book may appeal to you if you're intrigued by the intricate dynamics of Russia's economic shift towards crony capitalism. You'll appreciate its exploration of the connections between political power and economic gain, providing a thorough analysis of the transformation of Russia's post-Soviet economy and the impact of oligarchs. It offers a detailed look at the intersection of politics and economics, ideal for those interested in modern Russian history and political economy.

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Book Hero Magic formatted this description to make it easier to read. While it's new and still learning, it may not be perfect - your feedback is welcome! Description

A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future

“Full of insight and informed judgment, former diplomat Anders Åslund takes aim at the ‘authoritarian kleptocracy’ and the inner circles of power.”—John Lloyd, Financial Times

This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals.

Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism.

Much of this wealth has been hidden in offshore havens in the United States and the United Kingdom, where companies with anonymous owners and black money transfers are allowed to thrive. Though beneficial to a select few, this system has left Russia’s economy in untenable stagnation, which Putin has tried to mask through military might.

Book Hero Magic summarised reviews for this book. While it's new and still learning, it may not be perfect - your feedback is welcome! HOW HAS THIS BEEN REVIEWED?

Russia's Crony Capitalism by Anders Åslund receives praise for its insightful analysis of Russia's political and economic landscape, especially focusing on the authoritarian kleptocracy under Putin's reign. Reviewers highlight Åslund's bold approach to naming key figures and institutions involved in Russia's economic dealings, offering a definitive account of the nation's trajectory from the collapse of the Soviet Union to its current state. The book is highly regarded for its detailed examination of the oligarchic structures and the relationship between power, economics, and political control in Russia. It serves as a compelling resource for understanding modern Russia's complexities and challenges.

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Book Details

INFORMATION

ISBN: 9780300243093

Publisher: Yale University Press

Format: Hardback

Date Published: 28 May 2019

Country: United States

Imprint: Yale University Press

Illustration: 17 b-w illus.

Audience: General / adult

DIMENSIONS

Spine width: 29.0mm

Width: 156.0mm

Height: 235.0mm

Weight: 250g

Pages: 336

About the Author

Anders Åslund is a leading specialist on economic policy in Russia, a senior fellow at the Atlantic Council in Washington, DC, and an adjunct professor at Georgetown University’s School of Foreign Service.

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