The Atlas that Has Not Shrugged: Why Russia's Oligarchs are an Unlikely Force for Change

Daedalus, Spring 2017, 146 (2):101-112

12 Pages Posted: 19 Jul 2017

See all articles by Stanislav Markus

Stanislav Markus

Moore School of Business (U of South Carolina)

Date Written: 2017

Abstract

There is demand among Russia's oligarchs for systemic change, but not for the rule of law proper. Instead, it is the de facto accountability of political elites and improved relations with the West that the Russian oligarchs want from the Kremlin. However, the oligarchs currently lack the capacity to effect change. Their insufficient leverage vis-à-vis Putin is rooted in their competition for rents, which prevents them from confronting the Kremlin as a united force. In addition to analyzing the lack of systemic pressure for change from the oligarchs, this essay considers the prospects of individual oligarchs who have nevertheless pushed openly for liberalization or tried to effect incremental change. It also draws on comparisons with other countries to chart the political behavior of Russia's business elites in the future.

Keywords: oligarchs, Putin, rule of law, Russia

Suggested Citation

Markus, Stanislav, The Atlas that Has Not Shrugged: Why Russia's Oligarchs are an Unlikely Force for Change (2017). Daedalus, Spring 2017, 146 (2):101-112, Available at SSRN: https://ssrn.com/abstract=3003415

Stanislav Markus (Contact Author)

Moore School of Business (U of South Carolina) ( email )

1705 College St
Francis M. Hipp Building
Columbia, SC 29208
United States

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