Casino Moscow: A Tale of Greed and Adventure on Capitalism's Wildest Frontier by Matthew Brzezinski

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(Hardcover)

  • Pub. Date: July 2001
  • 320pp
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    Product Details

    • Pub. Date: July 2001
    • Publisher: Simon & Schuster Adult Publishing Group
    • Format: Hardcover, 320pp

    Synopsis

    After awakening from its long communist slumber, Russia in the 1990s was a place where everything and everyone was for sale, and fortunes could be made and lost overnight. Into this free-market maelstrom stepped rookie Wall Street Journal reporter Matthew Brzezinski, who was immediately pulled into the mad world of Russian capitalism — where corrupt bankers and fast-talking American carpetbaggers presided over the biggest boom and bust in financial history.

    Brzezinski's adventures take him from the solid-gold bathroom fixtures of Moscow's elite, to the last stop on the Trans-Siberian railway, where poverty-stricken citizens must buy water by the pail from the local crime lord, and back to civilization, to stumble into a drunken birthday bash for an ultra-nationalist politico. It's an irreverent, lurid, and hilarious account of one man's tumultuous trek through a capitalist market gone haywire — and a nation whose uncertain future is marked by boundless hope and foreboding despair.


    Kirkus Reviews

    A cool stroll down the mean streets of Novy Russky's financial madness, under a rain of cynicism from former journalist Brzezinski. Working as a stringer for the Wall Street Journal, Brzezinski poked about the backwaters of post-Soviet Russia and the republics before landing a job in the Moscow bureau. Returning to the capital after a five-year absence, he was dazzled by the wealth on display in the city, but he cast a more jaundiced eye on the sources of that wealth, from the big business of humanitarian relief-aid theft to the disastrous privatization of the nation's resources (natural gas, oil, gold, diamonds, and aluminum are now all under the command of the banking oligarchy). The author tried to rustle up interest in big-money operators in Moscow (grasping bankers both native and foreign, the robber baroness Timoshenilo, the lord of privatization Anatoly Chubais), but the only remarkable thing about most of these characters (many of them former Party apparatchiks) is their wealth-and even Brzezinski's caustic pokes can't turn them into a good story. But when he returned to the provinces, he found the kind of natural resources that make for captivating reading, hiply told: a visit to a Russian submarine in Sevastapol, the wasteland of St. Petersburg as it makes a pathetic bid for the 2004 Olympics, the beyond-rough-and-tumble of the Far East energy business, and the dead zone around Chernobyl (where the grass is always greener-literally-thanks to the irradiated soil). And the story of his mugging in his Kiev apartment is riveting in its menace, although his description of its milieu-"the overflowing dumpster that formed the decorative centerpiece of our courtyard"-allows somecomic relief. Russia's tailspin is by now a tale with some moss on it, but Brzezinski tells it with appealing dash and indispensable black humor.

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    Biography

    Matthew Brzezinski was a staff writer for The Wall Street Journal in Kiev and Moscow from 1996 through 1998, having previously reported from Poland and other Eastern European countries for The New York Times, The Economist, The Guardian (London), and The Globe and Mail (Toronto). He is currently a freelance writer and a frequent contributor to The New York Times Magazine. He lives in Washington, D.C.

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    Casino Moscow: A Tale of Greed and Adventure on Capitalism's Wildest Frontierby Anonymous

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    September 24, 2001: I could not put this book down until I finished it: if you have ever been abroad, involved in economic reform, this book strikes a disharmonious chord of memory. For those who have not, this is a truly gripping and darkly humourous narrative of Russia's flirtation with the free market on its own unique terms. Brzezinski does an excellent job of capturing what exactly went wrong, and not in the dry pedagogic language of economists or other miscellaneous financial commentators. Truly a great read.

    Casino Moscow: A Tale of Greed and Adventure on Capitalism's Wildest Frontierby Anonymous

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    July 10, 2001: If you read the Wall Street Journal or the New York Times, many of the stories in this book will seem familiar to you. They should. Matthew Brzezinski was a reporter for both publications in the 1990s. In this witty revealing book, he shares with you not only the stories he covered but the experiences he had in covering them and living in Kiev and Moscow. The stories are connected by his descriptions of what happened to him, his fiancee, their friends, and the people he wrote about. The book begins with being mugged in his own apartment by a confidence team in Kiev and ends with leaving the country to avoid confiscatory taxation. Unfortunately, he ends up having a regret. A year later, one of his Journal colleagues wins a Pulitzer for her reporting of the aftermath of the Russian debt crisis. Crony Capitalism is the name that has been applied to the Russian tendency for government officials to share the benefits of special favors with their buddies, and probably get a rake-off in the process. In substance, it is little different than the corruption in many third-world countries. The key difference is that Russia as an advanced industrial country with lots of natural resources had a lot of booty to share. As a result, people arise out of nowhere to command enterprises worth billions. And disappear just as quickly when their sponsors in the government are ousted. Although these scenes occur in the 1990s, they will remind you of stories about Prohibition in the United States. For example, night spots are publicly rated for the likelihood that criminals will start shooting at each other in them as well as the likelihood of being able to arrange for sexual favors. Business people operate with teams of former commandos as body guards. The disregard for society's needs is pretty strong. In a section called 'The Zone' you will read about visiting the radioactive sites in and around Chernobyl. While the visitors are wearing protective gear and leaving quickly when the radiation count gets too high, people have been bribed with good jobs to come work and live in these dangerous areas without any protection. Stories about six-fingered children and other indications of genetic damage abound. But the most chilling story for me was about a training session in capitalism run for some youths in a Young Pioneers camp. Set up to mimic a free market, the youngsters were soon counterfeiting money, intimidating each other, cornering scarce supplies, and generally running the show corruptly to favor themselves. It seemed like a perfect analogy for what was occuring in the whole country. With such an ingrained, warped reaction to wide-open capitalism, can Russian have much hope for improvement? I certainly hope so. But, if that is to occur, the prescription will not be found in these pages that outline the abuses. The stories of daily living are also compelling. If you drive a car in the capital, you will get at least one traffic ticket a day. That's the way that the local Moscow police earn a living wage. On some days, you might get two. For an airplane trip, no one is sure if the planes will take off or land. Great risks are run in the process. Businesses don't pay their taxes, workers, or bills. The new rich seem to be living at the ultimate, while most are desperately poor. Naturally, a lot of this goes up in smoke when the currency crashes in the debt crisis. Savings are destroyed, and foreigners leave behind the billions that they...