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The Illusion of Capitalism in Post-Soviet Ukraine

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  • Colin C. Williams
  • John Round

Abstract

This article evaluates critically the meta-narrative that there is no alternative to capitalism. Building upon an emerging corpus of post-structuralist thought that has begun deconstructing this discourse in relation to western economies and the majority (third) world, this paper further extends this critique to Central and Eastern Europe by investigating the degree to which people in post-Soviet Ukraine rely on the capitalist market economy for their livelihood. Reporting the results of 600 face-to-face interviews, the finding is that only a small minority of households in this post-socialist society relies on the formal market economy alone to secure their livelihood and that the vast majority depend on a plurality of market and non-market economic practices. The outcome is a call to re-think the lived practice of economic transition in post-Soviet societies more widely in order to open up the feasibility of, and possibilities for, alternative economic futures beyond capitalist hegemony.

Suggested Citation

  • Colin C. Williams & John Round, 2008. "The Illusion of Capitalism in Post-Soviet Ukraine," Journal of Contemporary Central and Eastern Europe, Taylor & Francis Journals, vol. 16(3), pages 331-345.
  • Handle: RePEc:taf:cdebxx:v:16:y:2008:i:3:p:331-345
    DOI: 10.1080/09651560802605002
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    Cited by:

    1. Zumrad Kataeva & Naureen Durrani & Zhanna Izekenova & Aray Rakhimzhanova, 2023. "Evolution of gender research in the social sciences in post-Soviet countries: a bibliometric analysis," Scientometrics, Springer;Akadémiai Kiadó, vol. 128(3), pages 1639-1666, March.

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