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From Communists to Foreign Capitalists explores the intersections of two momentous changes in the late twentieth century: the fall of Communism and the rise of globalization. Delving into the economic change that accompanied these shifts in central and Eastern Europe, Nina Bandelj presents a pioneering sociological treatment of the process of foreign direct investment (FDI). She demonstrates how both investors and hosts rely on social networks, institutions, politics, and cultural understandings to make decisions about investment, employing practical rather than rational economic strategies to deal with the true uncertainty that plagues the postsocialist environment. The book explores how eleven postsocialist countries address the very idea of FDI as an integral part of their market transition. The inflows of foreign capital after the collapse of Communism resulted not from the withdrawal of states from the economy, as is commonly expected, but rather from the active involvement of postsocialist states in institutionalizing and legitimizing FDI. Using a wide array of data sources, and combining a macro-level account of national variation in the liberalization to foreign capital with a micro-level account of FDI transactions in the decade following the collapse of Communism in 1989, the book reveals how social forces not only constrain economic transformations but also make them possible. From Communists to Foreign Capitalists is a welcome addition to the growing literature on the social processes that shape economic life.
In the 1990s, all eyes turned to the momentous changes in Russia, as the world's largest country was transformed into the world's newest democracy. But the heroic images of Boris Yeltsin atop a tank in front of Moscow's White House soon turned to grim new realities: a currency in freefall and a war in Chechnya; on the street, flashy new money and a vicious Russian mafia contrasted with doctors and teachers not receiving salaries for months at a time. If this was what capitalism brought, many Russians wondered if they weren't better off under the communists. This new society did not just appear ready-made: it was created by a handful of powerful men who came to be known as the oligarchs and the young reformers. The oligarchs were fast-talking businessmen who laid claim to Russia's vast natural resources. The young reformers were an elite group of egghead economists who got to put their wild theories into action, with results that were sometimes inspiring, sometimes devastating. With unparalleled access and acute insight, Chrystia Freeland takes us behind the scenes and shows us how these two groups misused a historic opportunity to build a new Russia. Their achievements were considerable, but their mistakes will deform Russian society for generations to come. Along with a gripping account of the incredible events in Russia's corridors of power, Freeland gives us a vivid sense of the buzz and hustle of the new Russia, and inside stories of the businesses that have beaten the odds and become successful and profitable. She also exposes the conflicts and compromises that developed when red directors of old Soviet firms and factories yielded to -- or fought -- the radically new ways of doing business. She delves into the loophole economy, where anyone who knows how to manipulate the new rules can make a fast buck. Sale of the Century is a fascinating fly-on-the-wall economic thriller -- an astonishing and essential account of who really controls Russia's new frontier.
In the 1980s and 90s, renowned Polish economist Tadeusz Kowalik played a leading role in the Solidarity movement, struggling alongside workers for an alternative to "really-existing socialism" that was cooperative and controlled by the workers themselves. In the ensuing two decades, "really-existing" socialism has collapsed, capitalism has been restored, and Poland is now among the most unequal countries in the world. Kowalik asks, how could this happen in a country that once had the largest and most militant labor movement in Europe? This book takes readers inside the debates within Solidar
How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.
In 1919, Bolshevik Russia and its followers formed the Communist International, also known as the Comintern, to oversee the global communist movement. From the very beginning, the Comintern committed itself to ending world imperialism, supporting colonial liberation, and promoting racial equality. Coinciding with the centenary of the Comintern's founding, Left Transnationalism highlights the different approaches interwar communists took in responding to these issues. Bringing together leading and emerging scholars on the Communist International, individual communist parties, and national and colonial questions, this collection moves beyond the hyperpoliticized scholarship of the Cold War era and re-energizes the field. Contributors focus on transnational diasporic and cultural networks, comparative studies of key debates on race and anti-colonialism, the internationalizing impulse of the movement, and the evolution of communist platforms through transnational exchange. Essays further emphasize the involvement of communist and socialist parties across Canada, Australia, India, China, Japan, Southeast Asia, Latin America, South Africa, and Europe. Highlighting the active discussions on nationality, race, and imperialism that took place in Comintern circles, Left Transnationalism demonstrates that this organization - as well as communism in general - was, especially in the years before 1935, far more heterogeneous, creative, and unpredictable than the rubber stamp of the Soviet Union described in conventional historiography. Contributors include Michel Beaulieu (Lakehead University), Marc Becker (Truman State University), Anna Belogurova (Freie Universitat Berlin), Oleksa Drachewych (University of Guelph), Daria Dyakonova (Université de Montréal), Alastair Kocho-Williams (Clarkson University), Andrée Lévesque (McGill University), Lars T. Lih (Independent Scholar), Ian McKay (McMaster University), Sandra Pujals (University of Puerto Rico), John Riddell (Ontario Institute of Studies in Education), Evan Smith (Flinders University), S.A. Smith (All Souls College, Oxford), Xiaofei Tu (Appalachian State University), and Kankan Xie (Peking University).
Since the Cold War, most historians have set up an opposition between the “American” and “international” aspects of early American Communism. This book examines the development of the Communist Party in its first decade, from 1919 to 1929. Using the archives of the Communist International, this book, in contrast to previous studies, argues that the International played an important role in the early part of this decade in forcing the party to “Americanise”. Special attention is given to the attempts by the Comintern to orient American Communists on the role of black oppression, and to see the struggle for black liberation and the fight for socialism as inextricably linked. The later sections of the book provide the most detailed account now available of how the Comintern, reflecting the Stalinisation of the Soviet Union, intervened in the American party to ensure the Stalinisation of American Communism.
This book is a tribute to the collective work of the Group of International Communists of Holland. Given the experiences with state communism in Russia, their "Fundamental Principles of Communist Production and Distribution," published in 1930, was an attempt to elaborate the economic basis of a communist society as outlined by Karl Marx and Friedrich Engels. Although their explanations have lost none of their original topicality, their text has remained a product of its time in the way they address the literature of that period. This paper therefore attempts to reintroduce the core statements of the "Fundamental Principles of Communist Production and Distribution" into the current debate on alternatives to capitalism.
Although deconstruction has become a popular catchword, as an intellectual movement it has never entirely caught on within the university. For some in the academy, deconstruction, and Jacques Derrida in particular, are responsible for the demise of accountability in the study of literature. Countering these facile dismissals of Derrida and deconstruction, Herman Rapaport explores the incoherence that has plagued critical theory since the 1960s and the resulting legitimacy crisis in the humanities. Against the backdrop of a rich, informed discussion of Derrida's writings -- and how they have been misconstrued by critics and admirers alike -- The Theory Mess investigates the vicissitudes of Anglo-American criticism over the past thirty years and proposes some possibilities for reform.
This international bestseller plumbs recently opened archives in the former Soviet bloc to reveal the accomplishments of communism around the world. The book is the first attempt to catalogue and analyse the crimes of communism over 70 years.
The first book to describe Russia's massive economic transformation for an American audience, Kremlin Capitalism provides a wealth of data and analyses not previously available in this country. The authors articulate the political and economic goals of Russian privatization, examine the current ownership of the largest enterprises in Russia, and chart the serious problem of corporate governance in the new private businesses. Kremlin Capitalism is based on the only continuous study of Russian privatization throughout the Russian Federation from 1992 to the present. The authors tracked down the story of the transition in the cities, towns, and villages of fifty of Russia's eighty-nine provinces, updating their findings after the June 1996 election. The result is an up-to-the-minute report of the largest property transfer in history and an analysis of one of this century's most significant economic transformations. The volume also characterizes the position of workers in terms of unemployment, wages, union power, and their changing role as employee shareholders.What really happened when Russia privatized its economy? The Kremlin brokered the initial struggle among different interest groups eager to claim a portion of Russian property: workers, managers, the Mafia, the old Soviet bureaucracy, regular citizens, entrepreneurs, Russian banks, and foreigners. While competing with one another, all struggled to free themselves from seventy years of Communist economic culture. Four years after the process began, have large companies learned to offer goods and services profitably and pay dividends to shareholders? Individual stories come alive as the book explores problems Russians face in structuring a new economic system, defining the ownership and governance of thousands of corporations one by one. Russian economic practices are being forged in the heat of fierce political struggles between resurgent Communists and nationalists and old Soviet managers, on the one hand, and more liberal elements of its infant democratic system on the other. Whether a few big conglomerates and the powerful banks and holding companies from Soviet days will dominate the new Russian economy to the exclusion of most citizens remains to be seen.Many questions persist. How will billions of dollars of capital be raised to retool, restructure, and reorient the heart and soul of Russia's economy? Will open stock markets stimulate a new economic order or will that new order be imposed through strong state supports and subsidies? What role will be played by shadowy conglomerates that are trying to shape a disorganized economy into something resembling the old Soviet system? The authors note the paradox of a capitalism conceived, designed, implemented, and evaluated by the Kremlin when one aim of reform is to allow market forces to play freely. Kremlin Capitalism asks whether rapid privatization has catalyzed or complicated the transition to a more liberal political and economic system, a question that will reverberate for decades.