The Oligarchs: Wealth & Power in the New Russia

by David E. Hoffman, David Hoffman

Release Date: 19 February, 2002

Edition: Hardcover

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Good Job!

Much better than I expected, a serious work with a great deal of research invovled. It avoided the typical lurid embellishments of the genre, and also made the point of the important period of transistion in the Gorbachev period, where nascent Russian capitalism started. It lacks somewhat in that it focuses on only six men, and they are of varying importance in the post-Yeltsin period. As Putin reportedly said when asked about Berezovsky--"Who?" Nevertheless, a good job, an interesting read and thankfully avoids falling into the tabloid style of so much of the literature on the topic.

The Power of Six

David Hoffman's "The Oligarchs" documents in great detail the rise of 6 businessmen--Aleksandr Smolensky, Yuri Luzhkov, anatoly Chubais, Mikhail Khodorkovsky, Boris Berezovsky and Vladimir Gusinsky--who became the "oligarchs" who shaped the political and economic landscape of the New Russia. They were merely ordinary Russians until the Soviet Union collapsed. So how did a mere handful Russians end up controlling such an epic proportion of Russia's economy and have such great influence in its politics? And how did they manage to rise at Russia's decline? Hoffman's book will answer these questions by piecing together extensive research and interview to create a well-balanced, serious but at the same time, a downright fun and readable book. "The Oligarchs" is a landmark.