Summary:
The book provides an in-depth analysis of Russia's transition from a centrally planned economy to a market-oriented system following the collapse of the Soviet Union, focusing on the emergence of oligarchs, the privatization of state assets, and the challenges of building capitalist institutions in a post-communist society. It examines the interplay between economic reforms, political changes, and the influence of powerful business elites on the shaping of modern Russian capitalism.
Key points:
1. Privatization and Oligarchs: State assets were sold off quickly, often without clear rules, allowing a few "oligarchs" to become very rich and powerful, especially in energy and resources.
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