This paper explores the failure of modernisation theory and its more recent offspring as represented by 'transition to democracy' and 'construction of capitalism' theories to explain the post-communist development of Russia. Some post-modern theories, though, reinterpreted to emphasise the disintegration and fragmentation of the 'hard core' of social structures rather than the 'post-philosophical' mode of thinking and 'aestheticised' styles of consumption, are looked at for a more fruitful conceptual alternative. In the conclusion, the idea of 'multiple fragile modernities' is argued (...) for as the most promising starting point for the conceptualisation of post-communism as well as its correlation with global 'late capitalism'. (shrink)