Read The Oligarchs: Wealth and Power in the New Russia by David E. Hoffman Free Online
Book Title: The Oligarchs: Wealth and Power in the New Russia|
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Reader ratings: 7.4
The author of the book: David E. Hoffman
Date of issue: December 23rd 2003
ISBN 13: 9781586482022
Format files: PDF
The size of the: 526 KB
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David Hoffman, former Moscow bureau chief for The Washington Post, sheds light onto the hidden lives of Russia's most feared power brokers: the oligarchs. Focusing on six of these ruthless men Hoffman reveals how a few players managed to take over Russia's cash-strapped economy and then divvy it up in loans-for-shares deals.
Before perestroika, these men were normal Soviet citizens, stuck in a dead-end system, claustrophobic apartments, and long bread lines. But as Communism loosened, they found gaps in the economy and reaped huge fortunes by getting their hands on fast money. They were entrepreneurs. As the government weakened and their businesses flourished, they grew greedier. Now the stakes were higher. The state was auctioning off its own assets to the highest bidder. The tycoons go on wild borrowing sprees, taking billions of dollars from gullible western lenders. Meanwhile, Russia is building up a debt bomb. When the ruble finally collapses and Russia defaults, the tycoons try to save themselves by hiding their assets and running for cover. They turn against each other as each one faces a stark choice--annihilate or be annihilated.
The story of the old Russia was spies, dissidents, and missiles. This is the new Russia, where civil society and the rule of law have little or no meaning.
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Read information about the authorDavid E. Hoffman covered Ronald Reagan's 1980 presidential campaign for the Knight-Ridder newspapers. In 1982, he joined The Washington Post to help cover the Reagan White House. He also covered the first two years of the George H.W. Bush presidency. His White House coverage won three national journalism awards. After reporting on the State Department, he became Jerusalem bureau chief for The Post in 1992, and served as Moscow bureau chief, 1995-2001. He was also foreign editor and Assistant Managing Editor for Foreign News.
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