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In this book Boris Kagarlitsky offers a trenchant analysis of the break-up of the Soviet Union and the transformation of a section of the old nomenklatura into a new possessing and ruling elite. Kagarlitsky shows that Western commentators have been misled by the street theatre of events like the bungled coup of August 1991 into supposing that a fundamental break has been made with the confused politics and economics of the late Soviet period. He analyses the ill-considered and self-interested attempts made by the nomenklatura to privatize assets and inaugurate a free-market economy, finding...