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Books > Social sciences > Politics & government > Political corruption
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Putin's Counterrevolution (Paperback)
Loot Price: R491
Discovery Miles 4 910
You Save: R546
(53%)
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Putin's Counterrevolution (Paperback)
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List price R1,037
Loot Price R491
Discovery Miles 4 910
You Save R546 (53%)
Expected to ship within 12 - 19 working days
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How Putin's autocracy undercut Russia's economy and chances for
democracy During his nearly twenty years at the center of Russian
political power, Vladimir Putin has transformed the vast country in
many ways, not all of them for the better. The near-chaos of the
early post-Soviet years has been replaced by an increasingly rigid
authoritarianism, resembling a hard-fisted monarchy more than the
previous communist dictatorship. Putin's early years in power saw
rapid economic growth, averaging nearly 7 percent annually, and the
rise of Moscow as a vibrant European-style city. But a slowdown
during the second half of Putin's administration, since 2009, has
resulted in the stagnation of the economy, especially in the
hinterlands, with few signs of a possible turnaround. What
accounted for these changes in Russia? Sergey Aleksashenko, a
former top Russian finance official and then private businessman,
lays the blame squarely on Putin himself, even more than external
factors such as the sharp fall in oil prices or Western sanctions
after Russia's annexation of Crimea in 2014. In his relentless
drive to consolidate power in his own hands, Aleksashenko writes,
Putin has destroyed the very idea of competition for political
power. He has done so by systematically undercutting basic
political institutions of the post-Soviet Russian state, including
independent power centers such as the parliament, the judiciary,
and a free media. In the economic realm, Putin effectively
undermined Russia's still-emerging and very fragile system for
protecting property rights-the basis of all economic activity. This
in turn caused a sharp decline in private investment and thus
contributed to the long-term economic slowdown. One result of
Putin's rule was the destruction of the emerging checks and
balances system in Russia, and that would be a major problem for
Russia if and when it decides to become a "normal" democratic
country based on Western values. In describing how all this
happened, Aleksashenko's book offers universal lessons in the
necessity of checks and balances in any political system-as well as
in the importance of vibrant political institutions for economic
growth.
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