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Comparative Oligarchy: Russia, Ukraine and the United States

Anders Aslund

Carnegie Endowment for International Peace


CASE Network Studies and Analyses No. 296

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.

Number of Pages in PDF File: 17

Keywords: Oligarchy, Russia, Ukraine, economic system, politics, property rights, legal reform, corruption

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Date posted: August 2, 2009 ; Last revised: January 9, 2015

Suggested Citation

Aslund, Anders, Comparative Oligarchy: Russia, Ukraine and the United States (2005). CASE Network Studies and Analyses No. 296. Available at SSRN: http://ssrn.com/abstract=1441910 or http://dx.doi.org/10.2139/ssrn.1441910

Contact Information

Anders Aslund (Contact Author)
Carnegie Endowment for International Peace ( email )
1779 Massachuesetts Avenue, N.W.
Washington, DC 20036
United States
202-939 2284 (Phone)
202-483 3389 (Fax)
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