This study examines Mikhail Gorbachev's policy of perestroika, or restructuring. The analysis begins by defining the political-economic "structure" (termed "neo-Stalinism") of the Soviet Union. The study evaluates Gorbachev's policies and results. Though the internal reforms to date have r been politically bold, they have been modest and non-structural. Gorbachev's external reforms, primarily military reductions, have been more successful. However, it can not be determined whether or not they are structural reforms. The study concludes that while perestroika is likely to succeed sometime in the long term future of the Soviet Union, it is unlikely in the short term.