Communist Economics In Russia
by Bruno S. Sergi
Category: Business & Economics

In this book, the author highlights various symbols from Russian history that typify the identity confusion of Russia. He takes the reader on a journey of more than a century, from the period preceding the communist seizure of power, through the various stages of communist power, to the ultimate collapse of the communist system, and the attempts by Yeltsin and Putin to deal with its appalling legacy. Many of the problems of post-communist Russia-including the heated debates about the best way forward, which eventually resulted in virtual stalemate and stalled reforms, and the various ramifications of the near-absence of the bourgeoisie, including the rise of corruption, of the so-called oligarchs, and of nomenklatura privatization-can ultimately be traced back to the seriously distorting effects of the logic of communist economics in Russia. But misguided Western advisers must also share part of the blame for the problems the Russian economy has experienced in recent years.