They Re Better Rich Than Red
Never mind those headlines about the bitter struggles over the future of Russia’s economic reforms. Reform is here, for Igor Smolkin and thousands like him. One in three Russian workers is already employed in the burgeoning small-business sector. Despite worries about organized-crime groups and fly-by-night speculators muscling in, privatization of heavy industry is in full swing. All over Russia clever gamblers are angling to become Carnegies and Rockefellers. Their ambition and their penchant for risk are shaking Russia’s lumbering socialist industry to its foundations....