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Do U.S. Oligarchs Exist? Not in Mainstream Media

Do U.S. Oligarchs Exist? Not in Mainstream Media

We hear incessantly about Russian oligarchs. But do they also exist in the United States? You wouldn’t know it by watching cable news, says Jeff Cohen.

TV news shows are good at getting viewers riled up. Day and night, I hear the anchors on CNN and MSNBC getting us in a frenzy about the schemes of this or that “Russian oligarch with links to the Kremlin.” I’ve heard that phrase incessantly in recent weeks

Plenty of others have heard the “Russian oligarch” phrase. Merriam-Webster.com reported that “oligarch” was one of its most searched-for words on April 5 “following reports that Robert Mueller had questioned Russian businessmen to whom this descriptor applies.”

Webster’s defines oligarchy as a “government in which a small group exercises control especially for corrupt and selfish purposes.” Dictionary.com calls it “a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few.” So an oligarch is not just a rich person but one who has influence or control over government, rather than directly ruling, as in a plutocracy.

One phrase I haven’t heard from any of the purportedly progressive hosts on MSNBC is: “A U.S. oligarch with links to Washington.”

That avoidance is revealing when one considers an indisputable fact: U.S. oligarchs have done far more to undermine U.S. democracy than any Russian.

When Vladimir Putin first became Russian president in the early 2000s he made a deal with the oligarchs: he would leave them alone if they kept their noses out of politics. Hence they would revert to just being filthy rich. The oligarchs who remained are presumably loyal to Putin, or at least don’t try to dominate him, the way some powerfully rich Americans seek to influence the U.S. government away from what it might otherwise do.

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