@davoloid his analysis is very well motivated historically.
If you allow me, my personal criticism towards him is about a very widespread phenomenon in the post-Soviet space altogether (I come from Bulgaria and have seen this around me a lot). It is about viewing the world from one's own post-Soviet lens, convinced that the free world is abnormal and the gangster economy is the normal state of things (whatever normal might mean). To me this is underappreciation of the wider drives in society against violence. See https://twitter.com/kamilkazani/status/1579161914201866240 Other than that it'd be an understatement if I say I can only admire his ability to put his narrative together and to pull out relevant sources.
@mapto He has his critics, but I've always found the general analysis to be pretty close to what we see happening in reality. And align well with other explanations of the gangster economy in Russia: the impact corruption has society, industry and the ability to support this war.