State-owned industries were sold to private businesses, often at a fraction of their real value. Ordinary people, often in financial difficulties, would sell shares, which to them were worthless, for cash, without appreciating their true value. This culminated with the rise of the "Oligarchs"—super-rich businessmen who attributed their rise to the sell-offs of the 90s. It resulted in a polarisation of society into the poor and ultra-rich, and increasing autocracy under Vladimir Putin, with promises to provide dignity and basic living requirements.
