Russia's Crony Capitalism: The Path from Market Economy to Kleptocracy

Russia's Crony Capitalism: The Path from Market Economy to Kleptocracy

by Anders Aslund

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Overview


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.

Product Details

ISBN-13: 9780300243093
Publisher: Yale University Press
Publication date: 05/21/2019
Edition description: New Edition
Pages: 336
Sales rank: 1,271,683
Product dimensions: 6.10(w) x 9.30(h) x 1.40(d)

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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