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At the same time, these differences hamstring the country's political system, and the authors show how difficult a task it is for democratic institutions to provide effective government in a country with little consensus. By viewing economic reform in its profoundly political context, the authors expose the chasm between the theory and practice of economic reform. Understanding of how to make profits has not been lacking, but government regulation to ensure that profit-seeking behavior leads to functioning markets has been conspicuously absent.By examining in detail how Ukrainian politics has followed theoretical expectations and where it has contradicted them, the authors arrive at conclusions with implications well beyond Ukraine. Ukraine must first build a state and a nation before it can successfully reform its economy or build a genuine democracy. For Ukraine and its people, the task is daunting. 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The author seeks to explain how it is that, after each new beginning, power politics has trumped democratic institution-building in Ukraine, as in so many other post-Soviet states. 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