Meet New Books
Book Cover

The Oligarchs: Wealth and Power in the New Russia

Save:
Find on Amazon

About:

'The Oligarchs: Wealth and Power in the New Russia' by David E. Hoffman delves into the rise and fall of the Russian Oligarchs during the Yeltsin era, showcasing their manipulation of the new capitalist system in post-Soviet Russia. Through detailed accounts of the Oligarchs' acquisition of massive wealth and power, the book sheds light on the corruption, abuses, and major errors that characterized the period, offering insights into the political and economic landscape of Russia at that time. Hoffman's writing style captures the essence of the era, portraying a narrative filled with money, power, corruption, and the complex interplay between Oligarchs, politicians, and mobsters.

Writing/Prose:

The writing style is journalistic and engaging, presenting key events in a chronological and factual manner without pushing a particular agenda.

Plot/Storyline:

The narrative follows the rise of Oligarchs in Russia during the Yeltsin era, detailing their influence, manipulation of power, and ultimate conflict with Putin.

Setting:

The setting is post-Soviet Russia during the tumultuous 1990s, marked by political upheaval and rapid economic transformation.

Pacing:

The pacing begins engagingly but slows down significantly as it details the lives of individual Oligarchs, leading to a sense of monotony.
IN THE SUMMER HEAT, the glass facade of Kursky Station loomed above the sweaty crowds. The train station hall was a monumental box of glass, concrete, and space; it was stark, modern, even utopian, an...

Notes:

Khodorkovsky is still in prison, while other Oligarchs have either fled Russia or kept a low profile out of fear of prosecution.
Yuri Luzhkov has been the Mayor of Moscow since 1992 and built a financial empire through public contracts, despite not being a billionaire himself.
Luzhkov was accused by Yeltsin of running a mafia city due to his enforcers in Chechnya.
Boris Berezovsky, once a powerful Oligarch, was linked to gangsters and had a striking influence on Russian media during Yeltsin's presidency.
George Soros and other Western bankers taught the young Russian tycoons how to manipulate the government, often through bribery.
The author illustrates the corruption and chaotic atmosphere during the rise of the Russian Oligarchs in the 1990s.
Many Oligarchs built private armies and used compromising evidence (kompromat) to maintain their power.
Berezovsky controlled a major television network to ensure Yeltsin's re-election, shaping public opinion in his favor.
The relationship between Yeltsin and the Oligarchs was built on mutual manipulation and financial backing during elections.
The Oligarchs took advantage of the fire sale of state assets, leading to massive wealth accumulation and control over Russia's economy.
Anatoly Chubais was a key figure in creating billionaires through the privatization of national assets, yet he himself is not wealthy nor living in exile.
After Putin's rise, many Oligarchs faced imprisonment or exile as he concentrated power and removed threats.
Khodorkovsky’s early business activities involved manipulating Soviet credits for personal gain while avoiding significant legal repercussions.
The book provides a detailed account of how the Oligarchs emerged during a significant political and economic transition in Russia.
Several high-profile deaths, including those connected to Berezovsky, have been suggested as suspicious or linked to his dealings.

From The Publisher:

In this saga of brilliant triumphs and magnificent failures, David E. Hoffman, the former Moscow bureau chief for the Washington Post, sheds light on the hidden lives of Russia's most feared power brokers: the oligarchs. Focusing on six of these ruthless men- Alexander Smolensky, Yuri Luzhkov, Anatoly Chubais, Mikhail Khodorkovsky, Boris Berezovsky, and Vladimir Gusinsky-Hoffman shows how a rapacious, unruly capitalism was born out of the ashes of Soviet communism.

February 2002
605 pages

Ratings (2)

Loved It (1)
It Was OK (1)

Reader Stats (2):

Read It (2)

About the Author:

David E. Hoffman is a contributing editor at the Washington Post. He covered the White House during the presidencies of Ronald Reagan and George H. W. Bush, and was subsequently diplomatic correspondent and Jerusalem correspondent. From 1995 to 2001, he served as Moscow bureau chief, and later as foreign editor and assistant managing editor for foreign news. He is the author of The Dead Hand, for which he won the Pulitzer Prize for general nonfiction.

 
Meet New Books is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a way for sites to earn advertising fees by advertising and linking to products and services on amazon.com and its subsidiaries.
When you click the Amazon link and make a purchase, we may receive a small commision, at no cost to you.