Of course Yeltsin was a big part of the problem too.
Of course Yeltsin was a big part of the problem too.
If the U.S. had pushed for a system that actually would've held the resources in trust for the people and allowed them to be developed by market capital, that very likely could've happened.
But the reality is that across every region of the globe, the U.S. in the constant purity quest of its foreign policy had purposefully alienated anyone with anything other than right of center views. It found itself cozied up to the most audacious, self dealing, would be autocrats, cartelists and outright gangsters for the very reason that they stood the most to gain from the decline of Communism and so they beat their chest the hardest against it.
Particularly the Reagan and Bush administrations had little interest in looking over the shoulders of those they had been ready to support as promelgators of coup. Though instead the Communists committed political suicide and these entrepreneurs of corruption instead would pick over the carcass of the state.
No, this is purely wishful thinking. The Soviet System was one fundamentally incentivized and propagated corruption. Those who had previously been in control or had knowledge of the workings of the Soviet Economy were always going to profit significantly. The US had little control over this.
There was lots of corruption in the Soviet Union. But we're talking about orders of magnitude difference here. Soviet corruption revolved around small bribes for services, lies on official documentation, etc. For 30 years now, Russia's resources have been looted to enrich several dozen people. We're talking about one of the largest shifts in wealth inequality in the history of the world.
The current crop of Russian oligarchs are generally not former communist party officials. They did gain their resources from former party members and largely by bribing these people.
Much of this could've been prevented however with an orderly transition away from the single party system. By outlawing the party, Russia broke the central disciplining and organizing structure of government, the economy and law. This left in place the people but without discipline or oversight which allowed the looting to take place.
This is how Russia has been under the communist rule. Everyone was "equal" and yet of course party members were "more equal" enjoy many prestiges which the common proletariat could only dream of. The meta culture was that of corruption and has been for a long time. You were never going to undo that.