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This work analyzes and reconsiders the march to capitalism in Russia and in three former Soviet-occupied countries - Hungary, Poland, and the Czech Republic - during the recent post-Cold War period. It also examines the march in China, certainly a transition country, but unlikely to end in capitalism, as in the four European countries. Topics covered include: Russia - lurching towards capitalism; Western aid - the International Monetary Fund; the World Bank and other aid to Russia; Russia, Hungary and the Czech Republic compared; privatization - the defining strategy of transition; Gorbachev's economic reforms; Vaclav Havel - a principal dissident; Adam Michnik - choosing liberalism; China in transition; and Russia reconsidered.