Capitalism Russian-Style

Rating:
Summary: A Good Read!
Review: Thane Gustafson presents an overview of Russia's experiment with capitalism to date. In this well-documented, well-reasoned report, he describes the breakdown in the Soviet economy. This collapse was already in the works when Gorbachev's efforts to reform the system brought it tumbling down. Gustafson weaves his account together like a journalist, as he discusses the heady rush of capitalism, entrepreneurism, political corruption and crime that moved into Russia's economic vacuum like a modern gold rush. He carefully traces recent developments in Russia's attempt to recover from its 1998 financial disaster.

As the book describes, no one knows what will happen in Russia. Gustafson emphasizes that Russia cannot return to its command economy. The book offers cautious optimism for future business with Russia. However, the admitted uncertainty of Russia's future may frustrate readers who seek definitive answers. We at getAbstract.com recommend this book to readers interested in social and political developments and to academics as well as to executives of companies with economic interests in Russia, or those who may want to do future business there, although - for now - it may be a particularly risky venue.