Towards digital society management and ‘capitalism 4.0’ in contemporary Russia

Abstract

AbstractConceptualizing the complexities of the Russian political economy strikingly illustrates the challenging but essential role of the State in the new process of capitalist reforms initiated in the 1990s. A missing ingredient in this discourse has been considering the extraordinary impact technology has on society and how it affects the process. Accordingly, this paper focuses on the current development of culturally unique capitalist theory in Russia, together with the practical application of proven quantitative landmarks and policy implications for managing digital society’s development to optimize capitalism in Russia. The paper performs a quantitative analysis of the considerable influence that the digital society has on Russian capitalism and how the latter can be systemically optimized through the former’s development. This contribution’s originality lies in its consideration of the consequences of digital culture on the unique model of capitalism shaping contemporary Russia. Currently, Russia is implementing a particular and unique model of capitalism model where the digital society’s influence is limited and contradictory. We argue that the Russian model of capitalism could experience rapid development in the foreseeable future with effective digital society management.