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On one hand, yes, the USA has oligarchic components to its government, and we must not ignore them. They are mostly the ones guaranteed by the First Amendment t
by lidHanteyk 7y ago
On one hand, yes, the USA has oligarchic components to its government, and we must not ignore them. They are mostly the ones guaranteed by the First Amendment to exist, like lobbying and public advertising. We joke that legislators are bought and paid for. Corporations can pay into and steer PACs. And, from a certain point of view, the Electoral College or any other sort of indirect election is oligarchic. In fact, the pattern of having a political council chosen by an oligos of democratically-elected representatives is quite common around the world.
On the other hand, "Russian oligarchy" [0] refers specifically to a grand looting of wealth during the collapse of the Soviet Union, and the effects of that transfer of wealth and establishment of corporate power structures are still reverberating throughout Russia. To this day, folks study the unique combination of oligarchy and corporatism in Russia [1].
On the gripping hand, there are functional oligarchies emerging from direct corporate selection of legislators, rather than from indirect effects such as PACs and lobbying, as in the USA. For example, Hong Kong only elects half of its parliament democratically, and half oligarchically [2]. On one hand, three of the latter are labor representatives; however, I count six seats going to the bankers, including the "oligarch"/"businessman" of the article ("insurance", "accounting", "finance", "financial services", and "chamber of commerce" twice, once for HK and once for China!) For another and quite different example, Ireland also only elects one house democratically. The other house consists of the prime minister's hand-picked elders, as well as several oligarchic councils [3]. Unlike any other system I know of, specific universities' graduates are constitutionally appointed to choose several seats.
[0] https://en.wikipedia.org/wiki/Russian_oligarch https://en.wikipedia.org/wiki/Russian_oligarch
[1] https://en.wikipedia.org/wiki/Corporatism#Russian_corporatism https://en.wikipedia.org/wiki/Corporatism#Russian_corporatis...
[2] https://en.wikipedia.org/wiki/Legislative_Council_of_Hong_Kong https://en.wikipedia.org/wiki/Legislative_Council_of_Hong_Ko...
[3] https://en.wikipedia.org/wiki/Seanad_%C3%89ireann https://en.wikipedia.org/wiki/Seanad_%C3%89ireann
- herenorthere 7y agoBut directly equating Russian oligarchs to American businessmen makes for a better headline, so ¯\_(ツ)_/¯ But in all seriousness, I'm glad that someone was here in the comments section to break down the nuances of this rather contentious analogy. So TY
- Bendingo 7y ago> equating Russian oligarchs to American businessmen Do you understand that many Russian oligarchs actually were American Businessmen? Eg; https://en.wikipedia.org/wiki/Bill_Browder https://en.wikipedia.org/wiki/Bill_Browder
- deleted 7y ago[deleted]
- erikpukinskis 7y agoYa, sounds like a real Russian Oligarch all right: “ Eighteen months after Browder was deported, on June 4, 2007, Hermitage Capital's offices in Moscow were raided by twenty-five officers of Russia's Interior Ministry. Twenty-five more officers raided the Moscow office of Browder's American law firm, Firestone Duncan, seizing the corporate registration documents for Hermitage's investment holding companies. Browder assigned Sergei Magnitsky, head of the tax practice at Firestone Duncan, to investigate the purpose of the raid. He discovered that while those documents were in the custody of the police, they had been used to fraudulently reregister Hermitage's holding companies to the name of an ex-convict.[6]”
- belltaco 7y agoWon't UK's House of "Lords" deserve a mention here?
- lidHanteyk 7y agoSure, monarchy is a form of oligarchy, isn't it?