Recent Posts

Russian Socialists in the Struggle for Democracy

For the past few weeks, protests for fair elections in upcoming municipal polls have become weekly in Moscow and St. Petersburg as thousands have defied authorities to attend unsanctioned rallies. The police crackdown has been particularly harsh in Moscow. Protests on July 27 and August 3 resulted in over 2000 detentions. Images of police in riot gear wrestling citizens to the ground and beating peaceful protesters were reminiscent of the mass protests against election fraud in 2011-2012.

Members of the Russian Socialist Movement, a small Marxist, anti-Stalinist organization active in the Russian left, have been participants in local electoral campaigns and in the protests. Two RSM activists, Valeria Kovelishina and Ilya Budraitskis talk about the Russian Socialist Movement, their electoral work, the protests for democracy in Russia and what they might mean for the future.

Witnessing the Collapse of Communism

Roundtable discussion marking the 30th anniversary of the collapse of communism in Eastern Europe. Participants include Timothy Garton Ash, Bridget Kendall, and Jens Reich.

The Evictors

Around Moscow, there’s a whole industry of so-called “black creditors” — microfinance institutions (or MFOs) that swindle and seize debtors’ homes. Ivan Golunov’s investigation for Meduza has discovered that almost 500 apartments have been seized from their owners over the past five years without so much as a court order. In fact, this scheme involves more than simply “squeezing” people from their homes. It is possibly part of a wider, international money-laundering system. Here’s Meduza special correspondent Ivan Golunov on the ins and outs of this industry.

Russia’s Haves and Have-Nots

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on email
Share on reddit


This week’s Russia Magazine column, “Russia’s Widening Wealth Inequality,”

The Putin years have been financially good for many Russians. Petrodollars have trickled down to a large portion of the population. Overall, Russians are wealthier than ever before. Economic stability and prosperity are pillars of the Putinist social contract, Putin’s personal longevity as Russia’s head honcho is tied to the country’s continued economic prosperity. But Putinism is not just based on a rising tide lifting all boats. It’s rooted in the ability of Russia’s wealthy elite to get even wealthier. The concentration of Russia’s wealth into a few hands is bore out in recent statistics reported in Credit Suisse’s Global Wealth Report 2013.

The report presents some startling findings concerning Russia. The gulf between Russia’s haves and have-nots is ever widening. Despite increases in Russian household wealth from an annual $1,650 in 2000 to $11,900 today, a mere 110 billionaires own 35 percent of Russia’s $1.2 trillion in household wealth. According to the report, 93.7 percent of the population owns $10,000 or less, and dispelling the notion of a monetary middle class, a paltry 5.6 percent own between $10,000 and $100,000. Poverty fell over the last decade, but inequality rose. “Russia has the highest level of wealth inequality in the world, apart from small Caribbean nations with resident billionaires,” the report concludes. The report’s authors seem surprised by this wealth concentration. Perhaps it’s because they ascribe to the ideological notion that Russia’s transition from communism to capitalism should have produced a vibrant middle class. “At the time of transition there were hopes that Russia would convert to a high skilled, high income economy with strong social protection programs inherited from Soviet Union days. This is almost a parody of what happened in practice,” the reports states with its own parody of a tired tenet of liberal teleology.

Read on . . .

Photo: Drugoi