Our crony-capitalism index offers a window into Russia’s billionaire wealth
Rich folk in autocratic countries remain vulnerable to the whims of dictators
ALTHOUGH BILLIONAIRES have been getting a bad rap for years, the sanctions levied at Russian oligarchs have intensified scrutiny on the origins of tycoons’ wealth. On March 1st President Joe Biden announced that his government was setting up a “klepto capture” task force to “go after the crimes of Russian oligarchs”.
This article appeared in the Finance & economics section of the print edition under the headline “The makers and the takers”
Finance & economics March 12th 2022
- Can the world cope without Russia’s huge commodity stash?
- War in Ukraine will cripple global food markets
- Russia looks to Chinese financial plumbing to keep money flowing
- Western credit markets are holding up remarkably well
- Iran’s flourishing stockmarket reflects its resilient economy
- Our crony-capitalism index offers a window into Russia’s billionaire wealth
- How oil shocks have become less shocking
From the March 12th 2022 edition
Discover stories from this section and more in the list of contents
Explore the editionMore from Finance & economics
Europe could be torn apart by new divisions
The continent is at its most vulnerable in decades
How corporate bonds fell out of fashion
The market is at its hottest in years—and a shadow of its former self
An American purchase of Greenland could be the deal of the century
The economics of buying new territory
China’s markets take a fresh beating
Authorities have responded by bossing around investors
Can America’s economy cope with mass deportations?
Production slowdowns, more imports and pricier housing could follow
Would an artificial-intelligence bubble be so bad?
A new book by Byrne Hobart and Tobias Huber argues there are advantages to financial mania