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Business Oligarch
A business oligarch is generally a business magnate who controls sufficient resources to influence national politics. A business leader can be considered an oligarch if the following conditions are satisfied: # uses monopolistic tactics to dominate an industry; # possesses sufficient political power to promote their own interests; # controls multiple businesses, which intensively coordinate their activities. More generally, an oligarch () is a "member of an oligarchy; a person who is part of a small group holding power in a state". See also * Russian oligarchs * Ukrainian oligarchs * Oligarchy * Tai-pan * Chaebol A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exc ... References Social groups Wealth concentration Oligarchy Post-Soviet states {{Business-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Magnate
A business magnate, also known as a tycoon, is a person who has achieved immense wealth through the ownership of multiple lines of enterprise. The term characteristically refers to a powerful entrepreneur or investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or services are widely consumed. Such individuals have been known by different terms throughout history, such as industrialists, robber barons, captains of industry, czars, moguls, oligarchs, plutocrats, or taipans. Etymology The term '' magnate'' derives from the Latin word ''magnates'' (plural of ''magnas''), meaning "great man" or "great nobleman". The term ''mogul'' is an English corruption of ''mughal'', Persian or Arabic for "Mongol". It alludes to emperors of the Mughal Empire in Medieval India, who possessed great power and storied riches capable of producing wonders of opulence such as the Taj Mahal. The term ''tycoon'' derives f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oligarchy
Oligarchy (; ) is a conceptual form of power structure in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such as nobility, fame, wealth, education, or corporate, religious, political, or military control. Throughout history, power structures considered to be oligarchies have often been viewed as tyrannical, relying on public obedience or oppression to exist. Aristotle pioneered the use of the term as meaning rule by the rich, for which another term commonly used today is plutocracy. In the early 20th century Robert Michels developed the theory that democracies, like all large organizations, tend to turn into oligarchies. In his " Iron law of oligarchy" he suggests that the necessary division of labor in large organizations leads to the establishment of a ruling class mostly concerned with protecting their own power. Minority rule The exclusive consolidation of power by a dominant religiou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Oligarch
Russian oligarchs ( Russian: олигархи, romanized: ''oligarkhi'') are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union. The failing Soviet state left the ownership of state assets contested, which allowed for informal deals with former USSR officials (mostly in Russia and Ukraine) as a means to acquire state property. Historian Edward L. Keenan has compared these oligarchs to the system of powerful boyars that emerged in late-medieval Muscovy. The first modern Russian oligarchs emerged as business-sector entrepreneurs under Mikhail Gorbachev ( General Secretary 1985–1991) during his period of market liberalization. The term " oligarch" derives from the Ancient Greek ''oligarkhia'' meaning "the rule of the few". Since 2017, several Russian oligarchs and their companies have been hit by US sanctions under the table of Countering America's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ukrainian Oligarchs
Ukrainian oligarchs (Ukrainian: українські олігархи, romanized: ukrayins'ki oliharkhy) are business oligarchs who emerged on the economic and political scene of Ukraine after the 1991 Ukrainian independence referendum. This period saw Ukraine transitioning to a market economy, with the rapid privatization of state-owned assets. Those developments mirrored those of the neighboring post-Soviet states after the dissolution of the Soviet Union. The influence of Ukrainian oligarchs on domestic and regional politics, particularly their links to Russia, has been the source of criticism from pro-Western sources critical of Ukraine’s lack of political reform or action against corruption. In 2008, the combined wealth of Ukraine's 50 richest oligarchs was equal to 85% of Ukraine's GDP. In November 2013, this number was 45% (of GDP). By 2015, due to the Russo-Ukrainian War, the total net worth of the five richest and most influential Ukrainians at that time ( Rinat Akhmetov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oligarchy
Oligarchy (; ) is a conceptual form of power structure in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such as nobility, fame, wealth, education, or corporate, religious, political, or military control. Throughout history, power structures considered to be oligarchies have often been viewed as tyrannical, relying on public obedience or oppression to exist. Aristotle pioneered the use of the term as meaning rule by the rich, for which another term commonly used today is plutocracy. In the early 20th century Robert Michels developed the theory that democracies, like all large organizations, tend to turn into oligarchies. In his " Iron law of oligarchy" he suggests that the necessary division of labor in large organizations leads to the establishment of a ruling class mostly concerned with protecting their own power. Minority rule The exclusive consolidation of power by a dominant religiou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tai-pan
A tai-pan (,Andrew J. Moody, "Transmission Languages and Source Languages of Chinese Borrowings in English", ''American Speech'', Vol. 71, No. 4 (Winter, 1996), pp. 414-415. literally "top class"汉英词典 — ''A Chinese-English Dictionary'' 1988 新华书店北京发行所发行 (Beijing Xinhua Bookshop).), sometimes spelt taipan, is a foreign-born senior business executive or entrepreneur operating in China or Hong Kong. History In the nineteenth and early twentieth centuries, ''tai-pans'' were foreign-born businessmen who headed large ''Hong'' trading houses such as Jardine, Matheson & Co., Swire and Dent & Co., amongst others. The first recorded use of the term in English is in the '' Canton Register'' of 28October 1834.'' Oxford English Dictionary'' (2nd edn, 1989). Historical variant spellings include ''taepan'' (first appearance), ''typan'', and ''taipan''. The term also refers to the Chinese-Filipino business oligarchs who own or having involvement in variou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chaebol
A chaebol (, ; ) is a large industrial South Korean conglomerate run and controlled by an individual or family. A chaebol often consists of multiple diversified affiliates, controlled by a person or group whose power over the group often exceeds legal authority. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebols have also played a significant role in South Korean politics. In 1988, a member of a chaebol family, Chung Mong-joon, president of Hyundai Heavy Industries, successfully ran for the National Assembly of South Korea. Other business leaders were also chosen to be members of the National Assembly through proportional representation. Hyundai has made efforts in the thawing of North Korean relations, despite some controversy. Many South Korean family-run chaebols have been criticized for low dividend payouts and other governance practices that favor controlling shareh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Groups
In the social sciences, a social group can be defined as two or more people who interact with one another, share similar characteristics, and collectively have a sense of unity. Regardless, social groups come in a myriad of sizes and varieties. For example, a society can be viewed as a large social group. The system of behaviors and psychological processes occurring within a social group or between social groups is known as group dynamics. Definition Social cohesion approach A social group exhibits some degree of social cohesion and is more than a simple collection or aggregate of individuals, such as people waiting at a bus stop, or people waiting in a line. Characteristics shared by members of a group may include interests, values, representations, ethnic or social background, and kinship ties. Kinship ties being a social bond based on common ancestry, marriage or adoption. In a similar vein, some researchers consider the defining characteristic of a group as social i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wealth Concentration
The distribution of wealth is a comparison of the wealth of various members or groups in a society. It shows one aspect of economic inequality or economic heterogeneity. The distribution of wealth differs from the income distribution in that it looks at the economic distribution of ownership of the assets in a society, rather than the current income of members of that society. According to the International Association for Research in Income and Wealth, "the world distribution of wealth is much more unequal than that of income." For rankings regarding wealth, see list of countries by wealth equality or list of countries by wealth per adult. Definition of wealth Wealth of an individual is defined as net worth, expressed as: wealth = assets − liabilities A broader definition of wealth, which is rarely used in the measurement of wealth inequality, also includes human capital. For example, the United Nations definition of '' inclusive wealth'' is a monetary measure which ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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