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An unambiguous assessment of the results of changes in the post-communist political regime of Ukraine is hardly possible. The political system of this country has experienced both periods of democratic expectations & democratic setbacks during the last fifteen years. For example, in 1990-1994, before the first competitive parliamentary elections, there was a clear fragmentation among the old (communist) political elite in Ukraine; the country's first democratic constitution was adopted in 1996. However, after Leonid Kuchma was elected President in 1994, authoritarian tendencies gradually recrudesced, "oligarchic" clans took hold of the country's political system, & the elections were increasingly blatantly manipulated & rigged to the advantage of the ruling elite. This cycle of political development recurred ten years later. Manipulations of the results of the 2004 presidential election raised a massive protest among the inhabitants of Ukraine, which was symbolically dubbed the "Orange Revolution." A new influx of democratic expectations forced the ruling elite to concede to re-running the second round of Ukraine's presidential election, which was won by the opposition. However, the political crisis which struck the new government in September 2005 & the mutual accusations of corruption raised by the former "revolutionary" comrades-in-arms -- President Viktor Yushchenko & former Prime Minister Yuliya Tymoshenko -- raised new questions regarding the vitality of the democratic processes in Ukraine. The main question examined in this article is therefore whether the vacillation of Ukraine's political regime is not a regular, permanent condition. Having two main aims -- (1) to construct a theory of Ukraine's post-soviet political transformation, & (2) to disclose the possibilities of democracy consolidation in this country -- the article starts with making some "corrections" to the transitologist approach to regime change. Firstly, it is argued that political transformation theories should have a shared concept of democracy, irrespective of the number or type of the stages of democratization distinguished. The experience of post-communist countries shows that formal procedural democratic criteria are insufficient in order to characterize a political system as democratic. Secondly, traditional theories of regime change focus mostly on the analysis of the behavior of the main political actors (the political elite) & their decisions (agreements). The structural conditions (eg., the characteristics of socio-economic development) should be also included into theoretical thinking about regime change. Thirdly, the analysis of elites & their agreements is sufficiently developed to explain how & when the transition to democracy occurs. However, the democratic consolidation stage has remained somewhat mystified by 'transitologists.' The article argues that an assumption should probably be made that the behavior of political elite factions competing in the political system is always rational & self-interested, ie., democracy (or any other form of political regime) becomes "the only game in town" only if & when it is mostly advantageous for the political elite functioning in that system. Taking into account the above mentioned "corrections" to the transitologist approach, in the article, there is produced a model for analyzing post-soviet regime transformations. The model consists of three main explanatory variables: (1) the structure of political elite, (2) the 'rules of game' prevalent in the system, & (3) the strategies of political elite aiming at gaining business and/or mass support. Consequently, various interrelations of these variables may produce four possible ideal-type outcomes of regime change -- (1) democracy, (2) 'democracy with adjectives,' (3) zero-sum game (a very unstable option when political regime may be temporarily democratic but is at a huge risk of downfall), (4) authoritarianism. In post-soviet countries, it is not enough to examine the structure of political elite & the institutions in order to predict the consolidation of one or another form of political regime. 'Building politicians' "alliances" with business & (or) mobilizing mass support may negate any such predictions & produce additional (regressive, in terms of democratization) impulses to further regime change. The very possibilities of the political elite to form "alliances" with business & (or) to mobilize the masses are mostly determined by the structural characteristics of the country. Thus, the analysis of the latter may not also be omitted in examining post-soviet transitions. Political regime in Ukraine, which beginning of 1990s started evolving as a probable liberal democracy or at least 'democracy with adjectives,' after 1998 Verkhovna Rada elections moved to the situation of the zero-sum game. Such transition was conditioned by two factors. First, the changes within political elite structure -- the communist camp, which occupied an important, although not the most important place in the pluralist political elite structure in 1994-1998, became an anti-systemic political force after the adoption of the 1996 Constitution. For these reasons, only two opposing elite factions (oligarchs-"centrists" vs. national democrats) remained in the political system of Ukraine after the 1998 elections, the ideological confrontation of which was constantly increasing & became particularly acute at the outset of the "Orange Revolution" in 2004. Second, the fact that the business class in Ukraine was forming with the "assistance" of politicians allowed the political elite to build an alliance with business community already in 1994-1996 & maintain these tight clientelist relations even after the privatization period was over. When at the end of 2004 the national democrats gathered mass support & became virtually equal or even more influential than the so-called "centrists," who traditionally draw support from business structures, the zero-sum game in Ukraine became especially acute. Such it remains by now, even after the Orange revolution is over. In more than ten years of independence the business community of Ukraine has consolidated its positions in the Verkhovna Rada & accumulated control over almost all national TV channels & other media outlets, as well as separate industrial regions. Therefore even anti-oligarchically disposed government cannot ignore this power. The ruling elite that cares about its survival & political success is forced to co-ordinate its decisions with the interests of various business clans. On the other hand, since Ukraine's business class consists of several competing clans, any government decisions that seek to limit the political influence of business groups immediately affect the interests of competing business clans. The government cannot remain neutral in principal. Any attempts of the supposed "deoligarchisation" will only result in provoking sharper disagreements between business groups because the curtailment of the positions of one clan will open new prospects for the strengthening of the influence of its competitors. It may be argued that for these reasons there will always be at least one (and, most likely, the strongest one) oligarchic political camp supported by an "alliance" with business. In other words, Ukraine's political regime does not have any chance to be consolidated in the liberal democracy perspective. Another structural characteristic of Ukraine is the politically unorganized working class. At least several competing political forces claim to represent the workers' interests -- the Communist Party of Ukraine, the Socialist Party of Ukraine, & the Progressive Socialist Party of Ukraine. The internal competition among the left-wing forces encourages at least one of them (the Communist Party of Ukraine, the Progressive Socialist Party) to take a radical, anti-systemic position in order that potential supporters may distinguish it from other leftist parties. Therefore, it is likely that the political system of Ukraine will preserve a left-wing segment that will not wield much power but will propagate an anti-systemic ideology without "communicating" with other political forces. Due to its anti-systemic nature it will not be able to participate in the government of the state & the votes of the left-wing voters (comprising the basis for mass support) will probably be collected by the national democrats. This circumstance enables predicting that the zero-sum game will remain very intensive in Ukraine in the future as well. Thus, the permanent instability of the state & both -- democracy & authoritarianism -- in Ukraine (a zero-sum game) may actually be considered to be its consolidated political regime form. Adapted from the source document.