It is now conventional wisdom that mafyia extortion and official corruption of every sort are inflicting much damage on the Russian economy. In a widely cited estimate, crooked officials and plain gangsters are said to have sent as much as $100 billion into their foreign bank accounts since 1990, depriving the Russian economy of much more hard currency than the sum total of post-1990 Western aid. Countless newspaper articles have profiled the unappealing beneficiaries of the new economic order, from violent thugs with platinum-blonde molls and BMWs who do their showing off in restaurants, to sleek ex-officials in Armani suits with Vienna bank accounts, Manhattan apartments and good friends in the Kremlin, who show off in New York Times interviews.

LRB 3 August 1995 | PDF Download