Lordo wrote:Pyrpolizer wrote:In the 1990s, Abramovich became the protégé of Boris Berezovsky, who was probably the least stealthy oligarch. Berezovsky had a big mouth. In 2000, he made the mistake of openly challenging a new president by the name of Vladimir Putin, someone Berezovsky had played a big role in helping to get elected president. When Putin threw down the hammer, Berezovsky was forced to flee Russia — and Abramovich, a staunch (and tight-lipped) Putin loyalist, took over much of Berezovsky's oil and media empires. Berezovsky remained a vocal Putin critic after moving to London. He was found dead there in 2013, hanging from a noose in his bathroom. Investigators are divided on whether it was suicide or murder.
With the exception of Abramovich and a few other notables, the cast of characters comprising Russia's oligarchy has been largely replaced since the 1990s, after Putin began purging oligarchs and anointing his own oligarchs in an effort to fortify his reign. However, the power structure remains the same. It's a symbiotic relationship in which the oligarchs' economic power buttresses the political power of the Russian president, and the president's power buttresses the economic power of the oligarchs — like a medieval king getting tribute from his aristocracy in exchange for his protection. It's an arrangement that the West is now fighting to disrupt.
https://www.npr.org/sections/money/2022/03/22/1087654279/how-shock-therapy-created-russian-oligarchs-and-paved-the-path-for-putin
OK now I see what you mean. Don't forget though that this is a western interpretation. Which actually tries to explain the oligarchy in Russia using the Western system of plutocracy. That's how US and most Western officials and Presidents come to power... In other words it portrays the Russian system as some -nearly identical- variant of the Western plutocracy system.
However there is a very striking detail in the article: The oligarchy system was inherited by Putin, and it was the result of corruption of western & Russian crooks in collaboration after USSR's collapse.
Putin had no other option other option than let it continue or else the state would go bankrupt. Is the system a plutocracy though? Well if it were a plutocracy like the US, then the Russian factories would reject the demand to increase production of ammunition 10 fold, like they refused in the US.
Imo the system also takes care of the people as well. Did you know how Putin revived Crimea. He assigned the Russian mayors of most wealthy cities to finance it from their own revenues.