Comparative Oligarchy: Russia, Ukraine and the United States

Anders Aslund ()

No 296, CASE Network Studies and Analyses from CASE-Center for Social and Economic Research

Abstract: The incidence of oligarchs is one of the most significant political problems after communism. An appropriate policy towards them has become a pressing issue for both Russia and Ukraine and addressing this matter will greatly influence the future economic systems of these countries. The paper examines the nature of oligarchs and the reasons for their emergence. Similarities with the great new businessmen in America of the 1850s, the so called "robber barons", are drawn. The paper also discusses common reactions to oligarchs and the ways to treat the oligarch problem. Finally, it reviews a number of policy and political options; and promotes making oligarchs pay a compensation for benefits they have enjoyed, in return guaranteeing them their property rights.

Keywords: Oligarchy; Russia; Ukraine; economic system; politics; property rights; legal reform (search for similar items in EconPapers)
Pages: 17 Pages
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:sec:cnstan:0296

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