More rapidly than might be imagined from the headlines or projected from the economic data, Russia is surging past the bizarre-bazaar stage of postcommunist development towards more stable forms of capitalism. It can be seen in the streets where, in recent months, the kiosk chaos has started to acquire some order, as ""ma-and-pa"" shops give way to expanding retail organizations. The jumble-store inventory hasn't changed much yet. But that depends on supply lines and wholesale sector development. That too appears set for major growth. Paradoxically, this can be detected from the sudden and dramatic decline of Russian capitalism's most successful institutions thus far, the commodity exchanges. Trading volumes have been declining all year, since January's price reform. In a word, they are dying.