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Russia's Crony Capitalism

The Path from Market Economy to Kleptocracy

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Russia's Crony Capitalism

By: Anders Aslund
Narrated by: Roger Clark
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About this listen

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.

©2019 Anders Aslund (P)2019 Tantor 21st Century Economic History Economics Modern Political Science Politics & Government Russia Money Soviet Union Taxation Capitalism Socialism Banking Imperialism Government Business US Economy United Kingdom War Economic Inequality
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A good, detailed account of how Russia works under Putin, though written before the Ukraine war began in 2022. Narrator is extraordinary for his insistance on stressing the wrong syllable in words: kleptocracy, autocracy, appear over and over, always said incorrectly. There are many other such words, and it's a constant distraction.

Decent but poor narrator

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Really puts “meat on the bones” of a story we’re all too aware of now.

Great, in depth and detailed

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