In the U.S. we call them “wealthy,” as if their unbounded economic power had no political consequences. For many, they appear simply as the rich and sometimes the rich-and-famous. In Russia, they are “oligarchs.” Most of them achieved multi-billionaire status because of their close relations the Vladimir Putin’s inner circle of the political elite. Of … More The International Cult of Oligarchs: On Human Destruction by the 0.01% Here and There
plutocracy [ploo-tok-ruh-see] noun, plural plutocracies. the rule or power of wealth or of the wealthy. a government or state in which the wealthy class rules. a class or group ruling, or exercising power or influence, by virtue of its wealth. kleptocracy [klep-tok-ruh-see] noun, plural kleptocracies. a government or state in which those in power exploit national resources and steal; … More Panama Papers: Plutocracy, Kleptocracy, or Both?