Fields of Russian Finance: State Versus Market

  • Aleksandr Bartenev


This chapter provides an extended commentary on how contemporary Russian fields of finance have become intertwined both with the state and with a new bifurcated ruling class of state and business elites. The elites of state and business fields use financial institutions and organizations for rent-seeking gain, rather than as a vehicle for profit from serving economic growth and the general population. This chapter also suggests that the political and media fields have been co-opted by state and business elites and drawn into the orbit of their fields: both media and democracy have created a quiescent, tamed population that, if not supporting the elite and their wealth, at least does not have means or expectations to resist the new political economy.

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Aleksandr Bartenev
    • 1
  1. 1.Faculty of Economics, Department of Economic TheorySt. Petersburg State UniversitySt. PetersburgRussia

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