Russia's Crony Capitalism

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A01=Anders Aslund
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authritarianism
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bribery
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collusion
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corruption
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FSB
hidden wealth
international arms race
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kleptocracy
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market economics
military spending
moscow
offshore accounts
offshore banking
offshore haven
oleg deripaska
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plutocracy
preferential deals
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putin
russia
russian economics
russian mafia
russian oil
softlaunch
St. Petersburg
stagnation
state enterprises
tax haven
trump
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Product details

  • ISBN 9780300243093
  • Dimensions: 156 x 235mm
  • Publication Date: 28 May 2019
  • Publisher: Yale University Press
  • Publication City/Country: US
  • Product Form: Hardback
  • Language: English
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A penetrating look into the extreme plutocracy Vladimir Putin has created and its implications for Russia’s future
 
“Full of insight and informed judgment, former diplomat Anders Åslund takes aim at the ‘authoritarian kleptocracy’ and the inner circles of power.”—John Lloyd, Financial Times

 
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.
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.