The Russian economy is dominated by statecontrolled corporations and oligarchs from "summary" of Putin's People by Catherine Belton
Catherine Belton's 'Putin's People' provides a detailed examination of the intertwining relationships between the Russian government, state-controlled corporations, and oligarchs. The book sheds light on how these entities dominate the Russian economy through a complex web of power and influence. Belton reveals how Putin and his inner circle have strategically used state-controlled corporations to consolidate their control over key sectors of the economy. These corporations, often headed by Putin loyalists, enjoy significant advantages such as access to state resources and preferential treatment in business deals. As a result, they wield immense power and influence in shaping Russia's economic landscape. The book also delves into the role of oligarchs in the Russian economy. Belton highlights how many of these wealthy individuals have close ties to the Kremlin and use their wealth to further their own interests and those of the government. Through their control of major companies and assets, oligarchs play a significant role in shaping economic policies and decision-making in Russia. Belton's analysis underscores the interconnected nature of the Russian economy, where state-controlled corporations and oligarchs work hand in hand to maintain the status quo and protect their interests. This symbiotic relationship between the government, corporations, and oligarchs has led to a concentration of wealth and power in the hands of a select few, while stifling competition and hindering economic growth.- 'Putin's People' provides a compelling narrative of how state-controlled corporations and oligarchs dominate the Russian economy, painting a vivid picture of a system where political and economic interests are deeply intertwined, shaping the country's economic trajectory.
