CRONY CAPITALISM AND DEMOCRACY: PARADOXES OF ELECTORAL COMPETITION IN RUSSIA?S REGIONS

The phenomenon of crony capitalism has been explored primarily with reference to its impact on economic growth. This study investigates the political implications of crony
capitalism and, specifically, the interaction between political competition and crony capitalism. Based on a case study of political trajectories in two regions of the Russian Federation, I argue that under crony capitalism political competition can undermine the legitimacy of state authorities and such democratic institutions as the electoral mechanism. Played out in public during electoral campaigns, unrestricted political
competition uncovers the predatory nature of crony elites engaged in struggle for power and wealth. Paradoxically, the electoral process itself gets discredited as an essential part
of the overall institutional order in the process. Noncompetitive political systems avoid such negative tendencies, at least in the short run.

Retirado do site: http://kellogg.nd.edu/publications/workingpapers/WPS/335.pdf

Dia: 16/11/2009