The Conundrum of Russian Capitalism by Ruslan Dzarasov

The Conundrum of Russian Capitalism by Ruslan Dzarasov

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Summary

Reveals the nature of Russian capitalism following the fall of the Soviet Union, showing the impact of both Soviet bureaucracy and global capital.

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The Conundrum of Russian Capitalism by Ruslan Dzarasov

The fall of the Soviet Union and the emergence of contemporary Russian capitalism are often all too often read as a juncture with the past. In reality, Russia's current capitalist system originated in the degenerated Soviet bureaucracy, alongside the pressures of global capital. From Roman Abramovich to Leonid Mikhelson, the reign of the CEO in Russia corporations mirrors the autocracy of the Soviet Union's leaders: the Russian tradition of the Cult of Personality lives on. The conception of the massive corporations, and the autocrats that lead them, occurred towards the end of the Soviet Union, when the would-be owners seized corporate assets and, taking advantage of Gorbachev's reforms, transformed publicly owned industry into private enterprises with themselves at the helm. By comparing the practices of Russian corporate governance, labour practices and investment strategies to the typical models of corporate governance and investment behaviour of big firms in the West, Ruslan Dzarasov exposes the parallels between the core and the periphery of the capitalist world-system. Drawing on the theory of Leon Trotsky, as well as Immanuel Wallerstein and Robert Brenner, this study disrupts many of the myths about Russia's political economy.
'An important contribution to understanding capitalism in Russia, more than 20 years after the break-up of the USSR' -- Simon Pirani, Senior Research Fellow, Oxford Institute for Energy Studies
'Takes a novel theoretical approach to understanding the corporate enterprise that will fundamentally change how heterodox economists will think them' -- Professor Frederic SLee, editor of American Journal of Economics and Sociology
Ruslan Dzarasov is a senior research fellow at the Central Institute of Economics and Mathematics of the Russian Academy of Sciences. He is the author of The Conundrum of Russian Capitalism (Pluto, 2013).
SKU Unavailable
ISBN 13 9780745332789
ISBN 10 0745332781
Title The Conundrum of Russian Capitalism
Author Ruslan Dzarasov
Condition Unavailable
Binding Type Paperback
Publisher Pluto Press
Year published 2013-12-06
Number of pages 320
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.