Wall constructed to prevent Red Army from reaching Latvian parliament in 1991.
Wall constructed to prevent the Red Army from reaching the Latvian parliamentary building in 1991.

Collapse of an Empire: Lessons for Modern Russia

November 02, 2007
Yegor Gaidar

This is a summary of a book published by the Brookings Institution Press, translated by Antonina Bouis.

The author writes that nostalgia for the Soviet Union is misplaced and dangerous given the Soviet state's shaky foundations and ill-fated, accidental citizenry. Russian leaders have put "too many eggs into one basket" in their reliance on the robustness of the extractive energy sector, just as their counterparts did during Soviet power. The author contends that if it does not change Russian domestic economic policy, the Duma sows the seeds of its destruction in the exact same fashion as the USSR. The author writes that state leadership must be prepared to make unpopular moves like implementing austerity measures during prosperous years or it risks catastrophe when oil prices inevitably drop. Succinctly, the author writes about how "it is imperative to fix the roof before it starts to rain, and why sometimes the past should be left in the past."

Author

Yegor Gaidar

Yegor Gaidar is a former acting prime minister of the Russian Federation.

Photo by Apdency shared under a C.C. BY-SA license.