Privatisation scandals in Russia

It has become a kind of commonplace that the neoliberal reforms in Russia have had a devastating impact on living standards. A recent chapter of the East European thriller tells us about the immorality of the shock therapists too. Anatoly Chubais, once finance minister and deputy prime minister of Russia, for instance, was involved in privatization deals that fall into the category of abuse of power. (First published in Socialist Economic Bulletin, UK.)