Russia's Crony Capitalism

The Path from Market Economy to Kleptocracy

Nonfiction, History, Asian, Russia, Business & Finance, Economics, Economic History, Modern
Cover of the book Russia's Crony Capitalism by Anders Aslund, Yale University Press
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Author: Anders Aslund ISBN: 9780300244861
Publisher: Yale University Press Publication: May 23, 2019
Imprint: Yale University Press Language: English
Author: Anders Aslund
ISBN: 9780300244861
Publisher: Yale University Press
Publication: May 23, 2019
Imprint: Yale University Press
Language: English

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

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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

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.

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