Abstract
The collapse of the Soviet Union sent Russia into a downward spiral, and if it were up to the USA and NATO, it would have been reduced to a peripheral country. In the mid-1990s, Boris Yeltsin drunkenly presided over the sell-off of state assets, and in the midst of this primitive capital accumulation process, the oligarchs emerged from the decomposing bureaucracy as the new ruling and owning class, becoming real factors of economic and political power.
In 1998, Russia was hit by a severe economic crisis that brought the country to the brink of total collapse. Yeltsin could no longer sustain himself in power and resigned. He was succeeded by Vladimir Putin, who immediately went about to restore Russia’s power.
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Notes
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Lenin tried to develop state capitalism, not as the ownership and operation of companies by the State, as Stalin did afterward, but as private capitalism permitted and controlled by the State, and he pursued foreign investments through concessions to companies from Germany, the United States, etc., with plenty of optimism that they would flow to Soviet Russia. According to the traditional parameters of Marxist theory, Lenin argued that planning would only be effective with a highly developed and concentrated economy and not in a country with approximately 20 million small and scattered farms, a disintegrated industry, and primitive and barbaric forms of trade. Stalin extinguished the NEP, in 1927–1928, with the 5-year plan, nationalizing the economy and turning the Soviet Union into an autarchy, without considering that it was inserted in the capitalist world market from which it could not escape nor isolate itself. See Luiz Alberto Moniz Bandeira, 2009, pp. 63–72 and 142–143.
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- 21.
Ibidem, p. 12.
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Silvio Pons, 2014, pp., 318–320.
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Ibidem.
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Moniz Bandeira, L.A. (2019). From Soviet Union to Russian Oligarchic Power System and to Putin. In: The World Disorder. Springer, Cham. https://doi.org/10.1007/978-3-030-03204-3_7
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