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THE SELLING OF THE SOVIET EMPIRE

POLITICS AND ECONOMICS OF RUSSIA'S PRIVATIZATION--REVELATIONS OF THE PRINCIPAL INSIDER

None of the reforms undertaken by the early Yeltsin government may have been more significant than the decision to give the whole Russian population shares in as many formerly state-owned enterprises as possible, and Kokh, as deputy premier in charge of the process until 1997, was closer to that privatization than anyone. The sheer magnitude of the problem was daunting: a huge and dysfunctional economy, hostile vested interests in the Duma, and a population largely ignorant of the workings of a free market stood in the way of privatization. The plan was to give one voucher, worth 10,000 rubles (then about $100), to every one of Russia’s 150 million people; these could then be bought, sold, or exchanged for shares in Russian enterprises. From 1992 to 1994, the government privatized more than 240,000 enterprises in this manner. By the middle of 1994, over 40 million Russian citizens had become share owners; by 1996, 70 percent of all enterprises were privatized—a larger proportion, Kokh says, than in Great Britain. Privatization may have helped preserve democratic government when inflation reached 2,000 percent, when a hostile Duma tried to discredit privatization, and even when the government faltered. But organizing it was a thankless job. The authorities were accused of corruption, of selling too cheaply, and of neglecting national security. When Kokh visited one of the trouble spots, Krasnoyarsk, he was accompanied by guards packing “mini-Kalashnikov machine guns, pistols, and God only [knows] what else.” The hostility surrounding the last phase of the process, when the prime companies were auctioned and real estate was privatized, was even more intense, and eventually Kokh decided that he had had enough, and resigned. Kokh’s account of the process is largely technical, but it’s a valuable account of the work of a small group of courageous technocrats who may have saved a country.

Pub Date: Sept. 15, 1998

ISBN: 1-56171-984-6

Page Count: 248

Publisher: N/A

Review Posted Online: May 19, 2010

Kirkus Reviews Issue: July 15, 1998

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WHEN BREATH BECOMES AIR

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...

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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.

Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.

Pub Date: Jan. 19, 2016

ISBN: 978-0-8129-8840-6

Page Count: 248

Publisher: Random House

Review Posted Online: Sept. 29, 2015

Kirkus Reviews Issue: Oct. 15, 2015

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GOOD ECONOMICS FOR HARD TIMES

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.

It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.

Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.

Pub Date: Nov. 12, 2019

ISBN: 978-1-61039-950-0

Page Count: 432

Publisher: PublicAffairs

Review Posted Online: Aug. 28, 2019

Kirkus Reviews Issue: Sept. 15, 2019

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