Conundrum of Russian Capitalism

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 Sov...