What went wrong with Russia in the 1990s | Curio

What went wrong with Russia in the 1990s

23 mins | Mar 15, 2022

On the origins of Putinism. Why is it that the majority of post-communist Europe is peaceful whilst Russia is ruled by a despotic regime? The answers lie in the 1990s. In this instalment of Slow Boring, Matthew Yglesias explores how “Putin was installed in office by Yeltsin and his “family” of advisors and benefactors, all of whom were themselves very corrupt. In essence, the post-Soviet reform process of shock therapy failed. Rather than creating a market economy and broad-based prosperity, it gave birth to a Putin-led kleptocracy that controls such a large share of the world’s natural resources that it believes itself untouchable.”

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From Matthew Yglesias

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