Keith Gessen

In Moscow, the second trial of the former oil and banking tycoons Mikhail Khodorkovsky and Platon Lebedev has now been going on for nearly a year. The trial itself, which is doggedly examining a series of esoteric and possibly imaginary economic crimes while skating over more serious – and also possibly imaginary – suggestions of violent criminality, has not been very interesting. The drama of two very bright men – one of whom, Khodorkovsky, is now a political figure of some significance – facing off against the entire apparatus of an authoritarian state, on the other hand, has been riveting. It was always bound to be.

The financial crisis – or, as we like to call it here, ‘the effects of the American and European financial crisis on Russia’ – has taken a little while to get going, but it’s going now. Yesterday my grandmother sat me down for a serious conversation: she wanted to know if she should take her rouble-denominated life savings out of the Sberbank and put them into dollars. Everyone’s a financial adviser now. Or rather, I’m a financial adviser now. This is not good.

Alfred Kazin published his first and best book of literary criticism, On Native Grounds, in 1942, when he was 27 years old. It told, in highly wrought, dramatic prose, the story of American literature from what Kazin called ‘the opening struggle for realism’ in the 1890s to 1940. It was written over the course of four years but reads as if it had been done in white heat over six...