Many western countries had similar strongmen. Some even had a bona fide royalty class, lording over common people, and then their sons, and grandsons lording in turn...

That aside, modern Russia has tons of capitalists... Crony capitalism is still capitalism, and there are tons of proper companies there besides. Not everything is owned by some government-friendly mafioso. But when a regime collapses, like USSR did and there's a power vacuum that's what usually evolves for a while...