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Besides providing a historical record of the long road from the economic agenda of the 1917 Bolshevik revolution to the present transition from communism, this book can be considered a staunch defense of market capitalism and liberal democracy. Any celebration of the current transition in Eastern Europe necessarily affirms the superiority of a market system over a non-market one and of a democratic system over a non-democratic one. The author does not deny the failures, shortcomings or imperfections of market economy and democracy. Nor does he take the survival of market capitalism and liberal democracy for granted. On the contrary, by highlighting the valiant and painful process of transition and attempting to understand its economics and culture, he seeks to contribute to the theoretical (academic) and practical (political) defense of Western civilization.

Post-communism --- Europe, Eastern --- Economic policy --- Economic conditions --- E-books --- Communism, Democratization, Modernization, Political economy, Postcommunism, Transition economies. --- Post-communism-Europe, Eastern. --- Europe, Eastern-Economic policy-1989-. --- Europe, Eastern-Economic conditions-1989-.

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Anders Aslund is known to make bold predictions that initially arouse controversy but soon become common wisdom. In Gorbachev's Struggle for Economic Reform (1989), he foresaw the collapse of the Soviet political and economic system. After Russia's financial crisis of 1998, observers declared the market economic experiment a failure, Aslund foresaw market economic success (Building Capitalism, 2002). In How Capitalism Was Built, 2nd Edition, he asks - and answers for the twenty-one countries he investigates: • Why did communism collapse? • Why did Russia not choose gradual reforms like China did? • Wherein lies the relative success of postcommunist transformation? • How did the oligarchs arise and decline vis-à-vis authoritarian leaders? Anyone who wants to understand the often confusing postcommunist dramas and obtain an early insight into the future will find this intellectually stimulating book useful. This edition includes updates to each chapter and new chapters on the impact of the global financial crisis and the European Union.

Business, Economy and Management --- Economics --- Post-communism --- Capitalism --- Former Soviet republics --- Europe, Eastern --- Economic conditions. --- Market economy --- Profit --- Capital --- Capitalisme --- Post-communism - Former Soviet republics --- Post-communism - Europe, Eastern --- Capitalism - Former Soviet republics --- Capitalism - Europe, Eastern --- Europe Centrale --- Europe de l'Est --- Russie --- Asie --- Former Soviet republics - Economic conditions --- Europe, Eastern - Economic conditions