Abstract
The model of electoral markets introduced in Chapter 1 has thus provided us with the intellectual tools to solve the puzzle Russia has posed to comparative theories of party system development. In post-Soviet Russia, parties have stubbornly failed to dominate the political system for nearly a decade and a half, although the state has more recently pushed through a set of reforms that enhance the role of parties in Russian politics. The key has been to think of parties as one kind of producer of goods and services that can help candidates win votes in elections and to think of candidates as the consumers of these goods. Market theory shows that the degree to which one supplier dominates the market is not purely a function of the supply and demand for that supplier's particular products, but that its market share also depends on the availability of substitutes for these goods. This volume has identified multiple kinds of political organization that can function as party substitutes, ranging from the nonpartisan governors' political machines in Russia to political action committees in the twentieth-century United States. Whether parties successfully dominate a political system, closing out the country's electoral market, thus hinges critically on factors that affect the balance between parties and party substitutes in a country. Some important such factors are found to be historical legacies and transition paths that influence the relative quality and volume of political capital available to parties and substitutes.
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