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Anders Åslund
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Russia's Capitalist Revolution: Why Market Reform Succeeded and Democracy Failed Paperback – Illustrated, October 26, 2007

by Anders Åslund (Author)
3.7 3.7 out of 5 stars 8 ratings
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The Russian revolution, collapse of the Soviet Union, and Russia's ensuing transformation belong to the greatest dramas of our time. Revolutions are usually messy and emotional affairs, challenging much of the conventional wisdom, and Russia's experience is no exception. This book focuses on the transformation from Soviet Russia to Russia as a market economy, and explores why the country has failed to transform into a democracy.

It examines the period from 1985, when Mikhail Gorbachev became the Soviet Union's Secretary General of the Communist Party, to the present Russia of Vladimir Putin. Åslund provides a broad overview of Russia's economic change, highlighting the most important issues and their subsequent resolutions, including Russia's inability to sort out the ruble zone during its revolution, several failed coups, and the financial crash of August 1998.
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  1. Print length
    356 pages
  2. Language
    English
  3. Publisher
    Peterson Institute for International Economics
  4. Publication date
    October 26, 2007
  5. Dimensions
    6.07 x 0.88 x 8.43 inches
  6. ISBN-10
    0881324094
  7. ISBN-13
    978-0881324099
  8. See all details
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3.7 out of 5 stars
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Top reviews from the United States

  • A. Scott
    5.0 out of 5 stars Good read.
    Reviewed in the United States on September 28, 2020
    Excellent overview of the implementation of market economics in Russia following the collapse of the USSR. It does a particularly good job of explaining the basics of “shock doctrine” economic reforms.
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  • Kismet
    4.0 out of 5 stars Excellent for those who have an interest in the topic
    Reviewed in the United States on February 20, 2017
    I learned plenty from this book, which is a detailed economic history of post-Soviet Russia. Overall, its a success, though its not highly readable, and the author repeats himself not only from book to book but within the same book. He has a strong grasp of economics, and politics, if not of history, and he's an effective communicator. He includes some dubious information but he is reliable for some things. He knows plenty about Russia and Ukraine, but not about the other CIS countries - to the point he neglects their impact on Russia and Ukraine. He doesn't know about Central Asia, nuclear power, Chernobyl, Chechnya, nuclear weapons, FSB, or geopolitics, so you will find him saying weird or wrong things every 2-3 pages when he veers off of what he knows. The worst part is actually that you have to double check much of his information since he includes things he has heard from other people, his impressions, and what he perceives as commonly accepted knowledge, rather than things he knows to be true. You have to puzzle out to realize that the source for some things is anecdotes from other people, so while its interesting, you cannot rely on things he reports unless you find it verified elsewhere!

    If you do not like reading about economic history or have no interest in Russia, then this book is not for you. If you do, this is an excellent and illuminating book.
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  • Z. Chen
    5.0 out of 5 stars Great Book
    Reviewed in the United States on June 5, 2008
    Economist Anders Aslund presents Russia's Capitalist Revolution: Why Market Reform Succeeded and Democracy Failed, a recounting of modern Russian political and economic history from the mid-1980s to the present. Examining statistical and historical evidence with a critical eye, Aslund points out that even though market reforms have flourished, and Russia is currently in a relatively productive economic state (compared to much of its modern history), the government under Vladimir Putin has become so strongly centralized and authoritarian as to resemble that of former czar Nicholas. Russia's Capitalist Revolution intricately ferrets out the causes driving this proud nation's dual transformation, with the eye-opening revelation that the changes most likely to take were the radical and sudden rather than slow and gradual. An absolute "must-have" for modern Russian history shelves, very highly recommended.
    4 people found this helpful
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  • Nunya Business
    1.0 out of 5 stars Anders Aslund: A True Russia Hater
    Reviewed in the United States on March 31, 2008
    Poorly written and lacking in new insight. The book reads as if the author never visited Russia, but instead absorbed his knowledge through the reading of newspaper clippings. The undercurrent of Aslund's writing exposes his utter contempt for all that is Russian. Sorry I spent $24 on this dribble.
    7 people found this helpful
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Top reviews from other countries

  • Barton Keyes
    2.0 out of 5 stars Good for the chronology very dodgy for interpretation
    Reviewed in the United Kingdom on March 11, 2009
    Verified Purchase
    This book is only for use by the well-informed. Readers coming to it with no background in the history of Russia or the brutal introduction of market 'reforms' during the 80s and 90s will leave it with a badly distorted view of a crucial part of recent history.

    Aslund is an apologist for the worst excesses of policies that were unthinkingly introduced by those with only a puerile grasp of economics. As such his book is partial in its argument and grotesquely prejudiced in its conclusions. Perhaps worst of all for a quasi-academic text, Aslund makes sweeping comments that are totally unsupported by fact: Did indeed "many Russians veterans of the Afghan war return as drug addicts and hardened criminals" (p 34)? Or was it their economic circumstances after their return (brought about by the 'reforms') that turned some of them into one or both?

    It takes great facility in a foreign language to convincingly produce a completely bogus argument by reference to facts. Dr Aslund is to be congratulated on his command of English if not his wisdom as evidenced by his arguments.
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