REVIEWS 389 Another favouredclue presented may conceal problems.In historicalterms those partiespassed, as itwere, througha funnel constitutedby the Comintern and the Cold War. They entered the funnel from widely disparate starting points and, once emerging from the funnel, they began to diverge again. Herbert Kitschelt, in this work and elsewhere, has built on this idea (though not the funnel image itself). But not even he or not in thisbook develops the full implications of this. One implication concerns the term 'successor party' itself. Except in a very simple and analytically barren sense, the Communist Partyof Bohemia and Moravia is no more a successorof the prewar , and then Cold WarCPCz than today'sGerman Social-Democratic Party is a successorof the SPD of Engels's day. It is the same party (apartfrom the loss of the Slovakelement, which does not affectthis argument)and let not the defenders of the organization thesisgainsay this, since it makes theirpoint. It is history and geopolitics that in fact created two of the three types nationalist-patriotic and pragmatic reform parties that the book derives from a studyof the post-Communist 'succession'period. And it is a sensitivity to history that suggeststhat the label given for the book's third type -leftist retreat, embracing the Communist Party of Bohemia and Moravia and the German Party of Democratic Socialism is a perverse and dangerous misnomer. What is important is that they started together in a category differentfrom the others, that the Comintern and the Cold Warbound them together with weird congeries of sections/parties with which they had little in common, and that they have now picked up the trail from which they were diverted,but in a world that has, of course, changed. SPIRE,Keele University MICHAEL WALLER Goldman, Marshall. T7he Piratizationof Russia: RussianReformGoesAwgy. Routledge, London and New York, 2003. x + 289 pp. Tables. Figures. Notes. Bibliography.Index. /IJ4.i99 (paperback). THE question of how far oligarchic power has been established over the Russian economy and political system, and why, is the main theme of this book. Marshall Goldman argues that the power of oligarchs and (sometimes associated)criminalgroupsisboth extensiveand hashad a formativeinfluence on the outcome of Russian economic and political reform. These reform outcomes were the product, Goldman contends, of a mixture of economic 'culture'and bad policy choices. The economic 'culture'of Russia created by its historical experience as a late modernizer under the Tsars and as an antimarketmodernizerunder the CPSU was a problem thatwas inescapable,but sensitivepolicies might have ameliorateditsworsteffects.However, Goldman argues,suchpolicieswere not developed, let alone implemented. Inparticular, Goldman argues, it was the policies of privatization in both its firstround of voucher and insiderprivatizationand in its second round of 'sharesfor loans' that were responsible for the deformations of Russia's political economy. In support of his argument, Goldman provides an economic history of Russia from the nineteenth century to the present, records the failures of economic reform in terms of the transitional recession that accompanied it, reviews 390 SEER, 82, 2, 2004 privatizationpolicies and the structuresof ownership and corporate governance thattheyproduced, provides detailsoftheoriginsandactivities of the oligarchs,boththosethatemergedfromwithinthe old nomenklatura and thenewcomers, looksattheinfluence oforganized crimeoneconomicactivity, recountsofficialconnivancewith, and participation in, illegal,or at least dubiouseconomicactivity,and sketchesout alternativepoliciesto those followedinRussia. The empiricalpicturethat Goldmanpaintsis one thatmostpeoplewill knowat leastin outline:marketization hasbeendeformed; wealthhasbeen concentrated in a fewhandswhilstgeneralpovertyhasrisen;corruption and the misappropriation of state assetshave been rife;the preconditions for development whethereconomicorpoliticalhavebeenerodedasconfidence in the economicfuturehascollapsed.Goldman's accountof thesefailingsis richin detailandanecdote.Althoughhisnarrative is similarto manyof the journalistic booksthathavebeenpublished overthelastfewyearsaboutthe 'saleof thecentury'or theriseof themafiya, Goldmanhasa greatersenseof contextandismorejudiciousinevaluating thenatureandextentofeconomic collapse.In particular,the chapterson the currentstate of the Russian economy,who theoligarchsareandwheretheirwealthhascomefrom,are excellentintroductions tothesesubjects. Whatis lesssatisfying is the explanation forreformsgoing'awry'andthe implicitidea thatpervadesthe bookthat Russiahas becomestuckwith a dysfunctional formofpoliticaleconomythatwillreplicate itselfbecauseofthe culture/badpolicymix. Goldmanis too determined to critiquetheformof privatization in Russiato fullyallowforotherfactorsinfluencing change.He presents reform as being more or less synonymouswith privatization. Althoughcriticalofthe'Washington consensus' reform package,discussion of otheraspectsof the Washington reformmodelsuchas priceliberalization, currencystabilization, and commercialization, areperfunctory and are not accordedmuchexplanatory role.The rolethatGoldmanassignsto 'culture' isalsolessthansatisfactory sinceitbecomessomething ofa catch-all category describing atdifferent timesthingsthatarequitediverse: attitudes andvalues, incentivestructures, socialpracticesand politicalinstitutions. Yet,each of thesehasplayeddifferentrolesat varioustimesoverthe lasttwentyyears, sometimespositiveandsometimesnegative.Theseproblemsmakethe idea that Russiais stuckin a half-wayhousebetweenthe past...