A business oligarch is generally a business magnate who controls sufficient resources to influence national politics.[1][2] A business leader can be considered an oligarch if some of the following conditions are satisfied:
- uses monopolistic tactics to dominate an industry;
- possesses sufficient political power to promote their own interests, often exacerbating income inequality and corruption, particularly through policies that benefit the elite at the expense of the majority.
- controls multiple businesses, which intensively coordinate their activities.[2]
More generally, an oligarch (from Ancient Greek ὀλίγος (oligos) 'few' and ἄρχειν (archein) 'rule') is a "member of an oligarchy; a person who is part of a small group holding power in a state".[3]
.jpg)
See also
editReferences
edit- ^ Guriev, Sergei; Rachinsky, Andrei (2005). "The role of oligarchs in Russian capitalism". Journal of Economic Perspectives. 19 (1): 131–150. doi:10.1257/0895330053147994.131-150&rft.date=2005&rft_id=info:doi/10.1257/0895330053147994&rft.aulast=Guriev&rft.aufirst=Sergei&rft.au=Rachinsky, Andrei&rft_id=http://spire.sciencespo.fr/hdl:/2441/1cu21pio6c90g9i5oedr5hnaa3&rfr_id=info:sid/en.wikipedia.org:Business oligarch" class="Z3988">
- ^ a b Chernenko, Demid (2018). "Capital structure and oligarch ownership" (PDF). Economic Change and Restructuring. 52 (4): 383–411. doi:10.1007/S10644-018-9226-9. S2CID 56232563.383-411&rft.date=2018&rft_id=info:doi/10.1007/S10644-018-9226-9&rft_id=https://api.semanticscholar.org/CorpusID:56232563#id-name=S2CID&rft.aulast=Chernenko&rft.aufirst=Demid&rft_id=https://mpra.ub.uni-muenchen.de/83641/1/MPRA_paper_83641.pdf&rfr_id=info:sid/en.wikipedia.org:Business oligarch" class="Z3988">
- ^ "oligarch". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.)
 | This business-related article is a stub. You can help Wikipedia by expanding it. |