Mr. Putin's Kremlin . . . is not renationalizing industries sold off in the 1990's as much as redistributing the assets to a new group of tycoons, enriching favored investors and even, critics say, members of his own administration, while ensuring that the Kremlin itself has influence over the most important parts of Russia's economy. (New York Times, Monday)
Crony capitalism.
FEE Timely Classic
Fond Memories of Communism by Stephen Browne