| Revision as of 09:34, 23 March 2022 editGentlemanGhost (talk | contribs)Extended confirmed users, Rollbackers32,979 editsm Moving link to first instance← Previous edit | Latest revision as of 10:43, 9 January 2025 edit undo91.236.210.235 (talk) →See also | ||
| (44 intermediate revisions by 30 users not shown) | |||
| Line 1: | Line 1: | ||
| {{short description|Rich industrialists / capitalists of great political influence |
{{short description|Rich industrialists / capitalists of great political influence}} | ||
| A '''business oligarch''' is generally a ] who controls sufficient resources to influence national politics.<ref>{{cite journal|last1= Guriev |first1= Sergei |last2= Rachinsky |first2= Andrei |title= The role of oligarchs in Russian capitalism |journal= Journal of Economic Perspectives |date=2005|pages=131–150|doi= 10.1257/0895330053147994|volume=19|issue=1|url= http://spire.sciencespo.fr/hdl:/2441/1cu21pio6c90g9i5oedr5hnaa3 |doi-access= free }}</ref><ref name=Chern2018>{{cite journal|last1= Chernenko|first1= Demid |title= Capital structure and oligarch ownership |journal= Economic Change and Restructuring |date=2018|volume= 52 |issue= 4 |pages=383–411|doi= 10.1007/S10644-018-9226-9|s2cid= 56232563 |url= https://mpra.ub.uni-muenchen.de/83641/1/MPRA_paper_83641.pdf }}</ref> A business leader can be considered an ] if the following conditions are satisfied: | A '''business oligarch''' is generally a ] who controls sufficient resources to influence national politics.<ref>{{cite journal|last1= Guriev |first1= Sergei |last2= Rachinsky |first2= Andrei |title= The role of oligarchs in Russian capitalism |journal= Journal of Economic Perspectives |date=2005|pages=131–150|doi= 10.1257/0895330053147994|volume=19|issue=1|url= http://spire.sciencespo.fr/hdl:/2441/1cu21pio6c90g9i5oedr5hnaa3 |doi-access= free }}</ref><ref name=Chern2018>{{cite journal|last1= Chernenko|first1= Demid |title= Capital structure and oligarch ownership |journal= Economic Change and Restructuring |date=2018|volume= 52 |issue= 4 |pages=383–411|doi= 10.1007/S10644-018-9226-9|s2cid= 56232563 |url= https://mpra.ub.uni-muenchen.de/83641/1/MPRA_paper_83641.pdf }}</ref> A business leader can be considered an ] if some of the following conditions are satisfied: | ||
| # uses |
# uses monopolistic tactics to dominate an industry; | ||
| # possesses sufficient political power to promote their own interests |
# possesses sufficient political power to promote their own interests, often exacerbating income inequality and corruption, particularly through policies that benefit the elite at the expense of the majority. | ||
| # controls multiple businesses, which intensively coordinate their activities.<ref name=Chern2018></ref> | # controls multiple businesses, which intensively coordinate their activities.<ref name=Chern2018></ref> | ||
| More generally, an oligarch ( |
More generally, an oligarch ({{Etymology|grc|''ὀλίγος'' (oligos)|few||''ἄρχειν'' (archein)|rule}}) is a "member of an ]; a person who is part of a small group holding power in a state".<ref>{{cite OED | oligarch}}</ref> | ||
| The term is commonly used in the Western press to describe Russian business people. According to a study by journalist Alan Macleod on its use by the New York Times, CNN and Fox News, 98% of the mentions of countries linked to oligarchs were related to Russia (overwhelmingly) or countries of the former Soviet Union. American business people were very rarely referred to as oligarchs in the 150 articles included in the study.<ref>{{Cite web|url=https://fair.org/home/russia-has-oligarchs-the-us-has-businessmen/|title=Russia Has 'Oligarchs,' the US Has 'Businessmen'|website=fair.org|date=September 14, 2019}}</ref> | |||
| == See also == | == See also == | ||
| * ] | |||
| * ]s | * ]s | ||
| * ] | * ] | ||
| * ] | |||
| * ] | * ] | ||
| * ] | |||
| * ] | |||
| * ] | |||
| * ] | |||
| == References == | == References == | ||
| Line 20: | Line 24: | ||
| {{Extreme wealth}} | {{Extreme wealth}} | ||
| {{DEFAULTSORT:Business Oligarch}} | |||
| ] | ] | ||
| ] | ] | ||
Latest revision as of 10:43, 9 January 2025
Rich industrialists / capitalists of great political influenceA business oligarch is generally a business magnate who controls sufficient resources to influence national politics. A business leader can be considered an oligarch if some of the following conditions are satisfied:
- uses monopolistic tactics to dominate an industry;
- possesses sufficient political power to promote their own interests, often exacerbating income inequality and corruption, particularly through policies that benefit the elite at the expense of the majority.
- controls multiple businesses, which intensively coordinate their activities.
More generally, an oligarch (from Ancient Greek ὀλίγος (oligos) 'few' and ἄρχειν (archein) 'rule') is a "member of an oligarchy; a person who is part of a small group holding power in a state".
See also
- Gilded Age
- Russian oligarchs
- Ukrainian oligarchs
- Oligarchy
- Tai-pan
- Chaebol
- Zaibatsu
- Plutocracy
- Capitalist (disambiguation)
References
- Guriev, Sergei; Rachinsky, Andrei (2005). "The role of oligarchs in Russian capitalism". Journal of Economic Perspectives. 19 (1): 131–150. doi:10.1257/0895330053147994.
- ^ Chernenko, Demid (2018). "Capital structure and oligarch ownership" (PDF). Economic Change and Restructuring. 52 (4): 383–411. doi:10.1007/S10644-018-9226-9. S2CID 56232563.
- "oligarch". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.)
 | This business-related article is a stub. You can help Misplaced Pages by expanding it. |