A Full-Value Ruble

A Full-Value Ruble
Author: Kristy Ironside
Publisher: Harvard University Press
Total Pages: 321
Release: 2021-06-01
Genre: History
ISBN: 0674251644

A new history shows that, despite MarxismÕs rejection of money, the ruble was critical to the Soviet UnionÕs promise of shared prosperity for its citizens. In spite of Karl MarxÕs proclamation that money would become obsolete under Communism, the ruble remained a key feature of Soviet life. In fact, although Western economists typically concluded that money ultimately played a limited role in the Soviet Union, Kristy Ironside argues that money was both more important and more powerful than most histories have recognized. After the Second World War, money was resurrected as an essential tool of Soviet governance. Certainly, its importance was not lost on Soviet leaders, despite official Communist Party dogma. Money, Ironside demonstrates, mediated the relationship between the Soviet state and its citizens and was at the center of both the governmentÕs and the peopleÕs visions for the maturing Communist project. A strong rubleÑone that held real value in workersÕ hands and served as an effective labor incentiveÑwas seen as essential to the economic growth that would rebuild society and realize CommunismÕs promised future of abundance. Ironside shows how Soviet citizens turned to the state to remedy the damage that the ravages of the Second World War had inflicted upon their household economies. From the late 1940s through the early 1960s, progress toward Communism was increasingly measured by the health of its citizensÕ personal finances, such as greater purchasing power, higher wages, better pensions, and growing savings. However, the increasing importance of money in Soviet life did not necessarily correlate to improved living standards for Soviet citizens. The Soviet governmentÕs achievements in Òraising the peopleÕs material welfareÓ continued to lag behind the WestÕs advances during a period of unprecedented affluence. These factors combined to undermine popular support for Soviet power and confidence in the Communist project.

Russian Energy Chains

Russian Energy Chains
Author: Margarita M. Balmaceda
Publisher: Columbia University Press
Total Pages: 421
Release: 2021-05-11
Genre: Business & Economics
ISBN: 023155219X

Russia’s use of its vast energy resources for leverage against post-Soviet states such as Ukraine is widely recognized as a threat. Yet we cannot understand this danger without also understanding the opportunity that Russian energy represents. From corruption-related profits to transportation-fee income to subsidized prices, many within these states have benefited by participating in Russian energy exports. To understand Russian energy power in the region, it is necessary to look at the entire value chain—including production, processing, transportation, and marketing—and at the full spectrum of domestic and external actors involved, from Gazprom to regional oligarchs to European Union regulators. This book follows Russia’s three largest fossil-fuel exports—natural gas, oil, and coal—from production in Siberia through transportation via Ukraine to final use in Germany in order to understand the tension between energy as threat and as opportunity. Margarita M. Balmaceda reveals how this dynamic has been a key driver of political development in post-Soviet states in the period between independence in 1991 and Russia’s annexation of Crimea in 2014. She analyzes how the physical characteristics of different types of energy, by shaping how they can be transported, distributed, and even stolen, affect how each is used—not only technically but also politically. Both a geopolitical travelogue of the journey of three fossil fuels across continents and an incisive analysis of technology’s role in fossil-fuel politics and economics, this book offers new ways of thinking about energy in Eurasia and beyond.

Mastering the Art of Soviet Cooking

Mastering the Art of Soviet Cooking
Author: Anya von Bremzen
Publisher: Crown
Total Pages: 370
Release: 2013-09-17
Genre: Biography & Autobiography
ISBN: 0307886832

A James Beard Award-winning writer captures life under the Red socialist banner in this wildly inventive, tragicomic memoir of feasts, famines, and three generations “Delicious . . . A banquet of anecdote that brings history to life with intimacy, candor, and glorious color.”—NPR’s All Things Considered Born in 1963, in an era of bread shortages, Anya grew up in a communal Moscow apartment where eighteen families shared one kitchen. She sang odes to Lenin, black-marketeered Juicy Fruit gum at school, watched her father brew moonshine, and, like most Soviet citizens, longed for a taste of the mythical West. It was a life by turns absurd, naively joyous, and melancholy—and ultimately intolerable to her anti-Soviet mother, Larisa. When Anya was ten, she and Larisa fled the political repression of Brezhnev-era Russia, arriving in Philadelphia with no winter coats and no right of return. Now Anya occupies two parallel food universes: one where she writes about four-star restaurants, the other where a taste of humble kolbasa transports her back to her scarlet-blazed socialist past. To bring that past to life, Anya and her mother decide to eat and cook their way through every decade of the Soviet experience. Through these meals, and through the tales of three generations of her family, Anya tells the intimate yet epic story of life in the USSR. Wildly inventive and slyly witty, Mastering the Art of Soviet Cooking is that rare book that stirs our souls and our senses. ONE OF THE BEST BOOKS OF THE YEAR: The Christian Science Monitor, Publishers Weekly

Bankers and Bolsheviks

Bankers and Bolsheviks
Author: Hassan Malik
Publisher: Princeton University Press
Total Pages: 317
Release: 2020-05-26
Genre: Business & Economics
ISBN: 0691202222

A must-read financial history for investors navigating today's volatile global markets Following an unprecedented economic boom fed by foreign investment, the Russian Revolution triggered the largest sovereign default in history. In Bankers and Bolsheviks, Hassan Malik tells the story of this boom and bust, chronicling the experiences of leading financiers of the day as they navigated one of the most lucrative yet challenging markets of the first modern age of globalization. He reveals how a complex web of factors—from government interventions to competitive dynamics and cultural influences—drove a large inflow of capital during this tumultuous period. This gripping book demonstrates how the realms of finance and politics—of bankers and Bolsheviks—grew increasingly intertwined, and how investing in Russia became a political act with unforeseen repercussions.

The Future of Money

The Future of Money
Author: Eswar S. Prasad
Publisher: Harvard University Press
Total Pages: 497
Release: 2021-09-28
Genre: Business & Economics
ISBN: 0674258444

A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

Nuclear Folly: A History of the Cuban Missile Crisis

Nuclear Folly: A History of the Cuban Missile Crisis
Author: Serhii Plokhy
Publisher: W. W. Norton & Company
Total Pages: 426
Release: 2021-04-13
Genre: History
ISBN: 0393540820

"The definitive history.…With his masterly book, Mr. Plokhy has sounded a warning bell." — The Economist A harrowing account of the Cuban missile crisis and how the US and USSR came to the brink of nuclear apocalypse. Nearly thirty years after the end of the Cold War, today’s world leaders are abandoning disarmament treaties, building up their nuclear arsenals, and exchanging threats of nuclear strikes. To survive this new atomic age, we must relearn the lessons of the most dangerous moment of the Cold War: the Cuban missile crisis. Serhii Plokhy’s Nuclear Folly offers an international perspective on the crisis, tracing the tortuous decision-making that produced and then resolved it, which involved John Kennedy and his advisers, Nikita Khrushchev and Fidel Castro, and their commanders on the ground. In breathtaking detail, Plokhy vividly recounts the young JFK being played by the canny Khrushchev; the hotheaded Castro willing to defy the USSR and threatening to align himself with China; the Soviet troops on the ground clearing jungle foliage in the tropical heat, and desperately trying to conceal nuclear installations on Cuba, which were nonetheless easily spotted by U-2 spy planes; and the hair-raising near misses at sea that nearly caused a Soviet nuclear-armed submarine to fire its weapons. More often than not, the Americans and Soviets misread each other, operated under false information, and came perilously close to nuclear catastrophe. Despite these errors, nuclear war was ultimately avoided for one central reason: fear, and the realization that any escalation on either the Soviets’ or the Americans’ part would lead to mutual destruction. Drawing on a range of Soviet archival sources, including previously classified KGB documents, as well as White House tapes, Plokhy masterfully illustrates the drama and anxiety of those tense days, and provides a way for us to grapple with the problems posed in our present day.

Privatizing Russia

Privatizing Russia
Author: Maxim Boycko
Publisher: MIT Press
Total Pages: 180
Release: 1997-01-22
Genre: Business & Economics
ISBN: 9780262522281

Privatizing Russia offers an inside look at one of the most remarkable reforms in recent history. Having started on the back burner of Russian politics in the fall of 1991, mass privatization was completed on July 1, 1994, with two thirds of the Russian industry privately owned, a rapidly rising stock market, and 40 million Russians owning company shares. The authors, all key participants in the reform effort, describe the events and the ideas driving privatization. They argue that successful reformers must recognize privatization as a process of depoliticizing firms in the face of massive opposition: making the firm responsive to market rather than political influences. The authors first review the economic theory of property rights, identifying the political influence on firms as the fundamental failure of property rights under socialism. They detail the process of coalition building and compromise that ultmately shaped privatization. The main elements of the Russian program -- corporatization, voucher use, and voucher auctions -- are described, as is the responsiveness of privatized firms to outside investors. Finally, the market values of privatized assets are assessed for indications of how much progress the country has made toward reforming its economy. In many respects, privatization has been a great success. Market concepts of property ownership and corporate management are shaking up Russian firms at a breathtaking pace, creating powerful economic and political stimuli for continuation of market reforms. At the same time, the authors caution, the political landscape remains treacherous as old-line politicians reluctantly cede their property rights and authority over firms.

Revealing Schemes

Revealing Schemes
Author: Scott Radnitz
Publisher: Oxford University Press
Total Pages: 244
Release: 2021-05-18
Genre: Political Science
ISBN: 0197573568

Conspiracy theories are not just outlandish ideas. They can also be political weapons. Conspiracy theories have come to play an increasingly prominent role in political systems around the world. In Revealing Schemes, Scott Radnitz moves beyond psychological explanations for why people believe conspiracy theories to explore the politics surrounding them, placing two questions at the center of his account: What leads regimes to promote conspiracy claims? And what effects do those claims have on politics and society? Focusing on the former Soviet Uniona region of the world where such theories have long thrivedhe shows that incumbent politicians tend to make conspiracy claims to demonstrate their knowledge and authority at moments of uncertainty and threat. They emerge more often where there is serious political competition rather than unbridled autocracy and in response to events that challenge a regime's ability to rule. Yet conspiracy theories can also be habit-forming and persist as part of an official narrative even where immediate threats have subsideda strategy intended to strengthen regimes, but that may inadvertently undermine them. Revealing Schemes explores the causes, consequences, and contradictions of conspiracism in politics with an original collection of over 1,500 conspiracy claims from across the post-Soviet region, two national surveys, and 12 focus groups. At a time of heightened distrust in democratic institutions and rising illiberal populism around the world, understanding how conspiracy theories operate in a region where democracy came lateor never arrivedcan be instructive for concerned citizens everywhere.

Russia Today and Conspiracy Theories

Russia Today and Conspiracy Theories
Author: Ilya Yablokov
Publisher: Routledge
Total Pages: 93
Release: 2021-06-08
Genre: Political Science
ISBN: 1000433595

The Russian international media outlet Russia Today (RT) has been widely accused in the Western world of producing government propaganda and conspiracy theories. This book explores for the first time the role that conspiracy theories actually play in the network’s broadcasts. More than this, it provides the first ever study of how the Russian government engages with conspiracy theories in the international arena, with a particular focus on the use of conspiracy theories as an instrument of public diplomacy. RT was established in 2005 to represent Russia to the world, and to present a Russian perspective on global events. Whilst some of RT’s more overtly conspiratorial output has been taken off the air, the network remains a source of significant concern for governments and intelligence agencies in Europe and North America. Now, more than ever, policymakers, journalists, academics, and intelligence services alike seek to understand the role RT plays in the Russian government’s foreign policy agenda. The authors use RT as a case study to investigate how global communication technologies influence the development and dissemination of conspiracy theories, which are also an important component of the post-Soviet Russian intellectual landscape and Kremlin-sponsored political discourse. This book will appeal to students and scholars of Politics and International Relations, Russian Studies, and Conspiracy Theories.