Vladimir Putin’s Russia is a Plutocracy
April 23rd, 2008 by SocProf and tagged Economy, Social Inequalities, Social Privilege, Social Stratification
Via Le Monde,
Le nombre de milliardaires russes a presque doublé en un an
LEMONDE.FR | 18.04.08
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The number of Russian billionaires has doubled over the past year. And you have to be worth $1.1 billion if you want to be in the top 100 richest people in Russia (that threshold was at $660 million last year, some people are doing VERY well in Russia, these days, unlike the general population). These 100 richest Russians are worth a combined wealth of $522 billion.
How did these guys (because it seems that they are all guys, I know, big surprise) get so rich? They are almost all oligarch who got rich through the financial, real estate and metallurgic sectors. They have also benefited from the current weakness of the US dollar. A lot of them also got very rich right after the collapse of the USSR and remained so afterwards as wealth redistribution was rather nonexistent.
I just thought I’d throw that in in the context of the foot riots in the Global South.
Posted in Economy, Social Inequalities, Social Privilege, Social Stratification | No Comments »
