Casino Moscow: A Tale of Greed and Adventure on Capitalism's Wildest Frontier
Were Calvin Trillin or Philip Roth to take on the gaudy, seamy, bumptious, and often violent side of Russia's awkward tryst with capitalism, the result could not be funnier or the writing more skilled. Brzezinski, the nephew of former U.S. National Security Adviser Zbigniew Brzezinski, was a young journalist reporting from Moscow for The Wall Street Journal in 1997-98. With the insouciance of a self-admitted na•f, he wandered down alleys, into offices, backrooms, and parties where excesses were on extreme display. The book is a camera, not a treatise. It records the attitudes and deeds of a motley cast: 29-year-old bankers; the wealthy future deputy prime minister of Ukraine, Yulia Timoshenko; men in black leather and gold chains; the gray-suited erstwhile Soviet managers cum successful looters. It does not try to explain where they came from or how they figured in the broader process of change. It is a shake-your-head, laugh-out-loud book, but one with a good deal to say.
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Ukraine has yet to solve the challenge of life after communism. Hyperinflation is just a memory and democracy is well entrenched, but production is declining, state industries remain unsold, and investors have largely stayed away. With nationalists ascendant in Russia, Ukraine needs Western money and diplomatic backing to preserve its independence and keep reform on track. A free, democratic Ukraine can serve as a model for Russia, prevent a new Soviet Union, and promote stability among its neighbors. A civil war between its Russified east and its more Ukrainian west, or its absorption into a new Russian empire, would reverberate throughout Europe.
The Caspian basin holds enormous oil and gas deposits that could play a critical role in the world's economic future. But getting them out of the ground and onto the market requires overcoming formidable political and geographic problems. For its own sake as well as the region's, Washington should do whatever is necessary to ensure the emergence of secure and independent routes for Caspian energy to reach the outside world.
Russia's era of romantic democracy is over. Boris Yeltsin's victory in the 1996 elections marked the rise of a new class of oligarchs who have profited from post-Cold War chaos. But Westerners who predict a return to authoritarianism and cultural stagnation overlook how far Russia has come since the late 1980s, and how it has opened to the world. It is not the Soviet Union, nor the land of the czars. In the short term, most Russians cannot hope for much, especially from their leaders. But with its political reforms, 98 percent privatized economy, and educated, urban population, Russia has a great deal going for it-maybe more than China.

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