The 2023 crony-capitalism index
War, tech woes and cock-ups have pummelled certain plutocrats
Over the past 20 years, Britain’s capital was so welcoming to oligarchs that it became known as “Londongrad”. Many bought mansions from Highgate to Hyde Park; a couple bought into football clubs. After Russia invaded Ukraine in February last year, 48 oligarchs were placed under Western sanctions. The immense wealth of many of Vladimir Putin’s associates highlights the problem of crony capitalism and why more should be done to combat it.
This article appeared in the International section of the print edition under the headline “A bumpy ride for billionaires”
International May 6th 2023
From the May 6th 2023 edition
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