: Instead of developing new technologies, Russian firms often rely on second-hand Western equipment.
: Rather than seeking profit through innovation or market competition, Russian capitalists focus on "insider rent"—extracting wealth from the firms they control through opaque schemes. The Conundrum of Russian Capitalism: The Post-S...
: Global trends toward the "financialization" of capitalism—where profit is sought through financial markets rather than production—reinforce the Russian tendency toward short-termism and "accumulation by dispossession". : Instead of developing new technologies, Russian firms