Articles

July 2000, Volume 11, Issue 3

Markets, Law, and Democracy

The experience of “bandit capitalism” or “tyrant capitalism” in postcommunist societies shows that markets cannot work properly without a community of trust and mutual respect. Such a community can be achieved only where there is a rule of law, applied by able and independent judges.

July 2000, Volume 11, Issue 3

Russia Under Putin: One Step Forward, Two Steps Back

Does the election of Vladimir Putin as Russia’s president represent a fundamental turn away from democracy or merely a temporary setback? Although Putin’s apparent indifference to democracy is worrisome, it would be premature to conclude that democracy is lost in Russia.