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    Contributors | September 15, 2015

    Mary Karr: IMG Memoir Tutorials with Mary Karr, Lena Dunham, and Gary Shteyngart

    Editor's note: It's been 20 years since the groundbreaking memoir The Liars' Club sent Mary Karr into the literary spotlight with its phenomenal... Continue »
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      The Art of Memoir

      Mary Karr 9780062223067


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The Oligarchs: Wealth and Power in the New Russia

The Oligarchs: Wealth and Power in the New Russia Cover


Synopses & Reviews

Publisher Comments:

David Hoffman, former Moscow bureau chief for The Washington Post, sheds light onto the hidden lives of Russia's most feared power brokers: the oligarchs. Focusing on six of these ruthless men Hoffman reveals how a few players managed to take over Russia's cash-strapped economy and then divvy it up in loans-for-shares deals.

Before perestroika, these men were normal Soviet citizens, stuck in a dead-end system, claustrophobic apartments, and long bread lines. But as Communism loosened, they found gaps in the economy and reaped huge fortunes by getting their hands on fast money. They were entrepreneurs. As the government weakened and their businesses flourished, they grew greedier. Now the stakes were higher. The state was auctioning off its own assets to the highest bidder. The tycoons go on wild borrowing sprees, taking billions of dollars from gullible western lenders. Meanwhile, Russia is building up a debt bomb. When the ruble finally collapses and Russia defaults, the tycoons try to save themselves by hiding their assets and running for cover. They turn against each other as each one faces a stark choice--annihilate or be annihilated.

The story of the old Russia was spies, dissidents, and missiles. This is the new Russia, where civil society and the rule of law have little or no meaning.


Hailed as "the most dramatic and comprehensive account" of the early years of Russian capitalism

New York Times Book Review

About the Author

David Hoffman joined the Washington Post in 1982, and covered the Reagan and Bush presidencies as a White House correspondent. After serving as diplomatic correspondent and Jerusalem correspondent, he moved to Russia to head the Post's Moscow bureau for almost six years, and is currently Foreign Editor of the Washington Post.

Product Details

Wealth And Power In The New Russia
Hoffman, David
Hoffman, David E.
Economic Conditions
Europe - Russia & the Former Soviet Union
General Business & Economics
Edition Description:
Trade Paper
Publication Date:
8.25 x 5.5 in 24.5 oz

Related Subjects

History and Social Science » Russia » Soviet States Post 1985
Young Adult » General

The Oligarchs: Wealth and Power in the New Russia
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Product details 600 pages PublicAffairs - English 9781586482022 Reviews:
"Synopsis" by ,
Hailed as "the most dramatic and comprehensive account" of the early years of Russian capitalism

New York Times Book Review

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