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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 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. 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 * Billionaire * Capitalist (other) * Chaebol * Gilded Age * Oligarchy * Plutocracy * Russian oligarchs * Tai-pan * Ukrainian oligarchs * ''Zaibatsu is a Japanese language, Japanese term referring to industrial and financial vertical integration, vertically integrated business congl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Magnate
A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or services are widely consumed. Etymology and history The term '' magnate'' derives from the Latin word (plural of ), meaning 'great man' or 'great nobleman'. The term ''mogul'' is an English corruption of , Persian or Arabic for 'Mongol'. It alludes to emperors of the Mughal Empire in Early Modern India, who possessed great power and storied riches capable of producing wonders of opulence, such as the Taj Mahal. The term ''tycoon'' derives from the Japanese word , which means 'great lord', used as a title for the . The word entered the English language in 1857 with the return of Commodore Perry to the United States. US President Abraham Lincoln was humorously referred to as ''the Tycoon'' by his aides John Nicolay and John Hay. The ter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oligarchy
Oligarchy (; ) is a form of government in which power rests with a small number of people. Members of this group, called oligarchs, generally hold usually hard, but sometimes soft power through nobility, fame, wealth, or education; or through corporate, religious, political, or military control. Throughout history, power structures considered to be oligarchies have often been viewed as coercive, relying on public obedience or oppression to exist. Aristotle pioneered the use of the term as meaning rule by the rich, contrasting it with aristocracy, arguing that oligarchy was a corruption of aristocracy. Types Minority rule The consolidation of power by a dominant minority, whether religious or ethnic, can be considered a form of oligarchy. Examples include South Africa during apartheid, Liberia under Americo-Liberians, the Sultanate of Zanzibar, and Rhodesia. In these cases, oligarchic rule was often tied to the legacy of colonialism. In the early 20th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Billionaire
A billionaire is a person with a net worth of at least 1,000,000,000, one billion units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. It is a sub-category of the concept of the ultra high-net-worth individual. The American business magazine ''Forbes'' produces The World's Billionaires, a global list of known U.S. dollar billionaires every year and updates an internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916. there are 2,781 billionaires worldwide, with a combined wealth of over US$14.2 trillion, up from in 2023. According to a 2024 Oxfam report, the world's We are the 99%, top 1% of earners own more combined wealth "than 95% of humanity", and also stated that the world's top 1% of earners also owned 43% of all global Financial asset, financial assets. As of October 2024, seventeen people have reached the statu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalist (other)
{{disambiguation ...
A capitalist can refer to the owner and manager of economic capital, or a supporter of the economic system of capitalism. Capitalist may also refer to: Business * Business magnate or capitalist, a person who has achieved great success through capital investments * Venture capitalist or capitalist, a person that makes capital investments for an equity stake in a company Other uses * Capitalist, a member of the Norwegian Capitalist Party * Capitalist, a member of the Capitalist Party of South Africa * Capitalist (horse), a retired thoroughbred racehorse See also * * * Business oligarch * Capitalism (other) Capitalism is an economic and social system in which the means of production are privately controlled. Capitalism may also refer to: * Economic liberalism, a system in which economic decisions are made by individuals or households rather than b ... [...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. Several dozen large South Korean family-controlled corporate groups fall under this definition. The term first appeared in English text in 1972. Chaebol 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 Group, Hyundai has made efforts in the thawing of North Korea–South Korea relations, North Korean relations, despite some controversy. Many South Korean family-run chaebol have been criticised for low dividend payouts and other governance practices that favor controlling shareholders ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gilded Age
In History of the United States, United States history, the Gilded Age is the period from about the late 1870s to the late 1890s, which occurred between the Reconstruction era and the Progressive Era. It was named by 1920s historians after Mark Twain's 1873 novel ''The Gilded Age: A Tale of Today''. Historians saw late 19th-century economic expansion as a time of materialistic excesses marked by widespread political corruption. It was a time of rapid economic growth, especially in the Northern United States, Northern and Western United States, Western United States. As American wages grew much higher than those in Europe, especially for skilled workers, and Industrialisation, industrialization demanded an increasingly skilled labor force, the period saw an influx of millions of European immigrants. The rapid expansion of industrialization led to Real wages, real wage growth of 40% from 1860 to 1890 and spread across the increasing labor force. The average annual wage per indust ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oligarchy
Oligarchy (; ) is a form of government in which power rests with a small number of people. Members of this group, called oligarchs, generally hold usually hard, but sometimes soft power through nobility, fame, wealth, or education; or through corporate, religious, political, or military control. Throughout history, power structures considered to be oligarchies have often been viewed as coercive, relying on public obedience or oppression to exist. Aristotle pioneered the use of the term as meaning rule by the rich, contrasting it with aristocracy, arguing that oligarchy was a corruption of aristocracy. Types Minority rule The consolidation of power by a dominant minority, whether religious or ethnic, can be considered a form of oligarchy. Examples include South Africa during apartheid, Liberia under Americo-Liberians, the Sultanate of Zanzibar, and Rhodesia. In these cases, oligarchic rule was often tied to the legacy of colonialism. In the early 20th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Plutocracy
A plutocracy () or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. Unlike most political systems, plutocracy is not rooted in any established political philosophy. Usage The term ''plutocracy'' is generally used as a pejorative to describe or warn against an undesirable condition. Throughout history, political thinkers and philosophers have condemned plutocrats for ignoring their social responsibilities, using their power to serve their own purposes and thereby increasing poverty and nurturing class conflict and corrupting societies with greed and hedonism. " Dollarocracy", an anglicised adaptation of the word "plutocracy", may refer to "a specifically American version of plutocracy". Examples Historic examples of plutocracies include the Roman Empire; some city-states in Ancient Greece; the civilization of Carthage; the Italian merchant city-states of Venice, Florence ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Russian Oligarch
Russian oligarchs () 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 as a means to acquire state property. The Russian oligarchs emerged as business entrepreneurs under Mikhail Gorbachev (General Secretary, 1985–1991) using various loopholes during economic liberalization under Gorbachev's perestroika. Boris Berezovsky, a mathematician and former researcher, became the first well-known Russian business oligarch. Oligarchs became increasingly influential in Russian politics during Boris Yeltsin's presidency (1991–1999), a period often dubbed as ''the wild nineties''; they helped finance his re-election in 1996. Well-connected oligarchs like Roman Abramovich, Michail Khodorkovsky, Boris Berezovsky and Vladimir P ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tai-pan
A taipan (,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 spelled tai-pan, is a foreign-born senior business executive or entrepreneur operating in mainland China or Hong Kong. The term Taipan also refers to the mixed political and business oligarch families in Philippines who control the politics and own the various businesses. History In the nineteenth and early twentieth centuries, taipans 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 ''taep ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ukrainian Oligarchs
Ukrainian oligarchs () 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. Pro-Western sources have criticised Ukraine’s lack of political reform or action against corruption, and the influence of Ukrainian oligarchs on domestic and regional politics, particularly their links to Russia. 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). Ukrainian GDP fell by 7% in 2014, and shrank 12% in 2015. 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, Viktor Pinchuk, Ihor Kolomoyskyi, Henadiy Boholyub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zaibatsu
is a Japanese language, Japanese term referring to industrial and financial vertical integration, vertically integrated business conglomerate (company), conglomerates in the Empire of Japan, whose influence and size allowed control over significant parts of the Economy of Japan, Japanese economy from the Meiji period to World War II. A zaibatsu's general structure included a family-owned holding company on top, and a bank which financed the other, mostly industrial subsidiaries within them. Although the zaibatsu played an important role in the Japanese economy beginning in 1868, they especially increased in number and importance following the Russo-Japanese War, World War I, and Japan's subsequent attempt to conquer East Asia and the Pacific Rim during the interwar period and World War II. After World War II, they were dissolved by the Occupation of Japan, Allied occupation forces and succeeded by the ''keiretsu'' (groups of banks, manufacturers, suppliers, and distributors). Equ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
