This study shows how radical privatization produced economic misery and political chaos in Russia. It argues that the crucial problem lies in the development of criminal and survivalist business networks that prey on Russia's wealth. Opening markets before establishing institutions to regulate and support those markets has allowed predatory networks to take hold.The book also deals with the historic role of the Soviet Underground in bringing down the Soviet system; the development of survivalist networks, which have thwarted entrepreneurial development; the flawed integration of post-Communist Russia into the European and global economies; and the political causes of and remedies for Russia's Racket Economy. A straightforward and sensible alternative to the views of the IMF and the Harvard Institute for International Development, this book provides policy-makers, business leaders and scholars with a firm grasp of the historical background, current dynamics, and likely future outcome of Russia's political and economic crisis.