Building Capitalism

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The book provides an in-depth empirical analysis of the economic changes in former Soviet bloc countries during the first decade post-communism. It challenges common misconceptions by framing the transition as a conflict between reformers and rent-seekers. While privatization has had significant benefits, the persistence of corrupt state apparatuses remains a major issue. The author argues that where elite malpractices are curtailed, both market reforms and democracy can advance simultaneously, suggesting that radical reforms have not been detrimental.