From the MoMA website:

Set against the bleak backdrop of the industrial city of Kharkov, Mikhailov’s life-size color photographs document the oppression, devastating poverty, and everyday reality of a disenfranchised community living on the margins of Russia’s new economic regime. Mikhailov recalls of his experience returning to Kharkov some years after the collapse of communism, “Devastation had stopped. The city had acquired an almost modern European centre. Much had been restored. Life became more beautiful and active, outwardly (with a lot of foreign advertisements)—simply a shiny wrapper. But I was shocked by the big number of homeless (before they had not been there). The rich and the homeless—the new classes of a new society—this was, as we had been taught, one of the features of capitalism.” 

Oct 9 -

From the MoMA website:

Set against the bleak backdrop of the industrial city of Kharkov, Mikhailov’s life-size color photographs document the oppression, devastating poverty, and everyday reality of a disenfranchised community living on the margins of Russia’s new economic regime. Mikhailov recalls of his experience returning to Kharkov some years after the collapse of communism, “Devastation had stopped. The city had acquired an almost modern European centre. Much had been restored. Life became more beautiful and active, outwardly (with a lot of foreign advertisements)—simply a shiny wrapper. But I was shocked by the big number of homeless (before they had not been there). The rich and the homeless—the new classes of a new society—this was, as we had been taught, one of the features of capitalism.”