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A very Soviet Form of Capitalism? The Management of Holding Companies in Russia

русская версия

Опубликовано на портале: 21-08-2007
Basing on 31 case-studies, this paper analyses the process of restructuring of the industrial enterprises which have been taken over by large Russian holding companies. It fruitfully uses the conceptual framework proposed by Marx for the analysis of the development of capitalist methods of production. The character of restructuring depends on the type of holding company: vertically integrated, horizontally integrated and diversified. However, in all cases the question remains open of whether we are seeing the formation of a distinctively Russian form of capitalism, based on traditionally soviet production organization and values, or whether Russia is still in a transitional stage towards a more familiar form of capitalism. The problem faced by the holding company in this respect is how to transform its subsidiaries into fully capitalist companies without undermining production» which still depends on traditional values and relationships.
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