Putinomics
Money and Power in Resurgent Russia
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Narrated by:
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Traber Burns
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By:
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Chris Miller
About this listen
In Putinomics, Chris Miller examines the making of Russian economic policy since Vladimir Putin took power in 1999. Miller argues that despite Russia's corruption, cronyism, territorial expropriation, and over-dependency on oil as an economic driver, Putin's economic strategy has functioned far more effectively than most Westerners realize. While acknowledging that part of Putin's successes - above all, quadrupling per capita GDP in just a decade and a half - can be attributed to cashing in on high oil prices, Miller details the government policies that have also been fundamental to Russia's growth, which has outpaced and outperformed comparable petro-states like Venezuela and Saudi Arabia.
While many scholars have long agreed that Russia has combined reasonably successful macroeconomic policies with mediocre micro policies, Miller argues that this dichotomy has not seeped very far into public debate. Thus, Putinomics at once analyzes Russia's political economy in a way that nonspecialists can comprehend and complicates our understanding of contemporary Russia.
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Even after the ruinous financial crisis of 2008, America is still beset by the depredations of an oligarchy that is now bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks, which together control assets amounting to more than 60 percent of the country's gross domestic product, these financial institutions (now more emphatically "too big to fail") continue to hold the global economy hostage.
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Easy to Understand and Comprehend
- By Kyle on 04-11-10
By: Simon Johnson, and others
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The End of Normal
- The Great Crisis and the Future of Growth
- By: James K. Galbraith
- Narrated by: L. J. Ganser
- Length: 9 hrs and 27 mins
- Unabridged
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Performance
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Story
The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
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Aftershock
- The Next Economy and America’s Future
- By: Robert B. Reich
- Narrated by: Robert Reich
- Length: 4 hrs and 30 mins
- Unabridged
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Performance
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Story
The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- By CAR TOP CAMPER on 10-06-10
By: Robert B. Reich
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How Asia Works
- Success and Failure in the World's Most Dynamic Region
- By: Joe Studwell
- Narrated by: Nigel Patterson
- Length: 11 hrs and 46 mins
- Unabridged
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Overall
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Performance
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Story
In How Asia Works, Joe Studwell distills extensive research into the economics of nine countries - Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China - into an accessible narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished.
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The best economic development book I’ve ever seen
- By Jay on 02-17-20
By: Joe Studwell
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Currency Wars
- The Making of the Next Global Crises
- By: James Rickards
- Narrated by: Walter Dixon
- Length: 9 hrs and 52 mins
- Unabridged
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Overall
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Performance
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Story
In 1971, President Nixon imposed national price controls and took the United States off the gold standard, an extreme measure intended to end an ongoing currency war that had destroyed faith in the U.S. dollar. Today we are engaged in a new currency war, and this time the consequences will be far worse than those that confronted Nixon. Currency wars are one of the most destructive and feared outcomes in international economics.
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don't be misled
- By peter on 04-01-12
By: James Rickards
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Fault Lines
- How Hidden Fractures Still Threaten the World's Economy
- By: Raghuram Rajan
- Narrated by: Richard Davidson
- Length: 12 hrs and 58 mins
- Unabridged
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Overall
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Performance
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Story
Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Now, as the world struggles to recover, it's tempting to blame what happened on just a few greedy bankers who took irrational risks and left the rest of us to foot the bill. In Fault Lines, Rajan argues that serious flaws in the economy are also to blame, and warns that a potentially more devastating crisis awaits us if they aren't fixed.
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A REAL SNOOZER
- By Frank on 12-02-10
By: Raghuram Rajan
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A History of Money and Banking in the United States: The Colonial Era to World War II
- By: Murray N. Rothbard
- Narrated by: Matthew Mezinskis
- Length: 13 hrs and 48 mins
- Unabridged
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Overall
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Performance
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Story
In what is sure to become the standard account, Rothbard traces inflations, banking panics, and money meltdowns from the colonial period through the mid-20th century to show how government's systematic war on sound money is the hidden force behind nearly all major economic calamities in American history. Never has the story of money and banking been told with such rhetorical power and theoretical vigor. You will treasure this volume.
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Great facts (if selective); ideological rigidity
- By Philo on 02-04-16
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Russia's Crony Capitalism
- The Path from Market Economy to Kleptocracy
- By: Anders Aslund
- Narrated by: Roger Clark
- Length: 12 hrs and 28 mins
- Unabridged
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Overall
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Performance
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Story
This insightful study explores how the economic system Vladimir Putin has developed in Russia works to consolidate control over the country. By appointing his close associates as heads of state enterprises and by giving control of the FSB and the judiciary to his friends from the KGB, he has enriched his business friends from Saint Petersburg with preferential government deals. Thus, Putin has created a super wealthy and loyal plutocracy that owes its existence to authoritarianism.
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great book, so so narration
- By Rob on 05-20-19
By: Anders Aslund
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How Are You Going to Pay for That?
- Smart Answers to the Dumbest Question in Politics
- By: Ryan Cooper
- Narrated by: Ryan Cooper
- Length: 8 hrs and 22 mins
- Unabridged
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Overall
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Performance
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Story
How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Not horrible but not correct either
- By David on 03-20-23
By: Ryan Cooper
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How the Other Half Banks
- Exclusion, Exploitation, and the Threat to Democracy
- By: Mehrsa Baradaran
- Narrated by: Priya Ayyar
- Length: 9 hrs and 36 mins
- Unabridged
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Overall
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Performance
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Story
The United States has two separate banking systems today - one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities - all thanks to deregulation that began in the 1970s.
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The Borrowers at the Fringe
- By Darwin8u on 09-13-16
By: Mehrsa Baradaran
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What listeners say about Putinomics
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Daniel Loring Maddux
- 06-21-22
Illuminating, pre-2022 look at Russian government
I really enjoyed learning the ins and outs of how the Russian government manages society. They use a combination of a bloated welfare system and periodic crackdowns to maintain order. At least until recently.
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- Todd Hemsell
- 04-03-21
Very informative and detailed
Seems to be a lot of factual information presented in a non biased fashion. I really learned a lot. Good narration. very enjoyable
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- Amazon Customer
- 10-02-20
Excellent book!
Fascinating and thorough explanation of the transition from the Soviet economy to Putin's Russia. Seemingly unbiased toward the West, Miller's arguments are accessible, objective, and devoid of any agenda. Excellent analytical work and captivating storytelling.
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- Alex Noble
- 05-23-23
A solid history of Modern Russian Economics and Politics.
After reading Chip Wars, I picked this up and was immediately impressed again. Never picking a side, Chris in his no fluff manner goes about demystifying one of the world’s most misunderstood nations and the factors that drive its leaders to make the decisions they do. A must read for anyone interested in the modern Russian nation.
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- HonestOpin
- 04-01-21
Informative Even if Skewed
Highly informative description of the Russian economy under the direct and indirect leadership of Vladimir Putin. Unfortunately it falls victim to the common practice of bias against Putin, although the author does manage to eek out some credit to the man maligned so frequently by the West. As a US citizen observing the actions of Russia under the leadership of Putin I am impressed. The government stands as an exemplary model of fiscal discipline, in stark contrast to the profligacy of the West.
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2 people found this helpful
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- Hectoris
- 12-19-20
Interesting researched book.
Excellent expose of the Kremlins corruption must read for would be socialist wack job voters
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- Randall Parker
- 12-16-18
Insightful book on Russia
I found Miller's previous book, The Struggle To Save The Soviet Economy to be an excellent explanation for why the USSR broke up. Now Miller explains what has happened since and enables one to understand the constraints within which Russian policy makers operate.
Putin has to put stability ahead of economic efficiency. Though he's well aware of which policies would boost economic development and he tries to pursue them within the limits imposed by the need for political stability.
I am surprised that the Russian government only collects 15% GDP in taxes or that corruption is not the top concern of Russian businesses. Also, the need to please pensioners is a major concern.
It doesn't seem likely to me that a different leader, selected by a more democratic process, would govern Russia better. Rather, I would expect big budget deficits if a leader had an ever greater need to cater to public opinion.
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5 people found this helpful
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- John
- 02-06-22
Report up to 2018, elementary economics
Sort of like a light NYTIMES article. Useful, but not very deep. This is not Masha Gessen. It is not even Brookings Institute level.
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1 person found this helpful
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- Yoshi Tryba
- 03-19-22
interesting
gives a good big picture view of Putin's political, economic, and geopolitical strategy and his governing coalition and tactics. names quite objectively both the successes, failures, and limits of his regime of the past couple decades.
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- Anonymous User
- 08-04-21
Go find something better
Russia's economy revolves around oil. Congrats, I just saved you 8 hours of your life. if you're expecting to learn something new/interesting about Russia, lower your expectations; like a lot.
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5 people found this helpful