The article deals with the problem of liberal reforms in Russia, in particular, it describes the features of economic crisis of the last thirty years. The author expresses his views on essence, nature and effectiveness of social transformations resulting from statistical and sociological data that characterize dynamics, nature and pace of development of economy and social sphere of society. Conclusion focus on limitations and prospects of the liberal model of economic development. The data of sociological monitoring “How are you, Russia?” on the attitudes of citizens to internal policies of the Russian state and current priorities in its foreign policy, as well as opinions on the effects of the sanctions by the US and other countries are adduced. Finally, recommendations to the attention of state authorities are formulated.