the-economist-logo

One in six businessmen in Russia has been prosecuted for an alleged economic crime

"The statistics are staggering: one in six businessmen in Russia has been prosecuted for an alleged economic crime over the past decade. Most of the cases have no plaintiff and the number of acquittals is close to zero, according to studies by Russia’s Centre of Legal and Economic Research. This means that the vast number of Russian businessmen in jail are victims of corrupt prosecutors, police and courts, which can expropriate a business with impunity.

 
"As Yegor Gaidar, a prominent liberal economist, warned in 1994, “The carcass of a bureaucratic system can become the carcass of a mafia system, depending on its goals.” By the time his book appeared in 2009 his warning had become reality. In the past few years this “monstrous hybrid” has started to extend its tentacles into every sphere of public life where money can be made. Examples of violence against businessmen abound. This adds up to a Soviet-style policy of negative selection, where the best and most active are suppressed or eliminated while parasitic bureaucrats and law enforcers are rewarded. What Stalin wrought by repression and extermination, today’s Russia achieves by corruption and state violence."


Click here for the full article