The New Bolshevism - Instablogs
The New Bolshevism
Kim , New York: Apr 8 2008
Made Popular Apr 9 2008
Russia :

The New BolshevismMeet 42-year-old Suleiman Kerimov (pictured right).

With a net worth of over $17 billion, according to Forbes magazine he’s the richest member of the richest parliament in the world — that belonging to Vladimir Putin’s Russia. After serving for eight years in the lower house, called the Duma, Kerimov moved on to the upper, known as the Council of the Federation. Kerimov has plenty of other “new Russians” (as Russians call their nouveaux riches) to keep him company. According to Forbes: “Twelve billionaires now hold seats in the country’s parliament, with a total net worth of $41 billion, sitting alongside the less wealthy lawmakers, worth merely in the hundreds of millions. The scale of wealth in Russia’s government is unparalleled anywhere else on Earth.”

Anyone who sits in Russia’s parliament is immune from criminal prosecution as long as they hold their seats. Ironically, as Forbes points out: “Russian law prohibits legislators (or any government official) from running a business. So how come so many billionaire lawmakers make our list? Many get around the law by ‘assigning’ or ‘giving’ shares of their companies to friends and family members. At least on paper.”

It’s hard for anyone familiar with Russian history to avoid seeing the stark parallels between the monarchy that ruled Russia at the beginning of the 20th Century and the oligarchy that has taken control of modern Russia. As a country, Russia does not rank in the top 55 nations of the world in terms of per capita purchasing power parity and its average wage hovers around $4 per hour. The nation’s income inequality score rivals that of sub-Saharan Africa (Russia’s scores for good government and corruption are similar Africanesque). It does not rank in the top 100 nations of the world for average male adult lifespan (the average Russian man does not live to see his 60th year). And yet, Russia has spawned a huge class of billionaires by allowing a small oligarchy to consume the overwhelming share of the nation’s resources (mostly generated by selling fossil fuels) and now those oligarchs are taking over the national legislature as well.

Perhaps it’s no surprise, then, that the Communist Party is the largest opposition force in the current parliament, or that the Bolshevik Party is resurgent. The Moscow Times reports that last Saturday a contingent of over 50 party members pretended to be carrying out a wedding ceremony on Moscow’s famous Red Square, but when they got close enough to the Square’s most famous landmark, St. Basil’s Cathedral, they “stunned the police [who were guarding the monument] by burning signal flares, holding up placards demanding ‘freedom for political prisoners’ and chanting: ‘We need another Russia!’ before police attacked them.”

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1 Stars
Steven
Liverpool, United Kingdom
The Forbes rich-list is crowded with Russian names and most of them are Russian politicians, members of the richest on the planet, Russian parliament - Duma. As many as 12 billionaires are members of the State Duma. The stockbroker Suleiman Kerimov is the richest among them with wealth of $US 17.5 billion. Gleb Fetisov is the second richest with wealth of $US 3.9 billion. The total net worth of all twelve rich people crosses $US 41 billion.
1 Stars
Syed
Kuala Lumpur, Malaysia
Wealth, influence due to wealth and its use to gain political power are as old as the concept of government. It is gaining power in Russia and the scale of wealth and its use in political sphere in is just unimaginable.
1 Stars
Elias
Bombay, India
Before I write anything I would like to say that I simply love to read the way you write. Now coming to this article I must admit that my jaws dropped when I saw the figures you mentioned. This seems so unreal. When the Iraq war started someone told me that the only non-millionaires in George Bush's cabinet were Collin Powell, Richard Armitage and Condoleezza Rice. It was the wealthiest cabinet in American history. It seemed fantastic then. Today, they must be getting severe complex seeing the amount of wealth some of the richest Russian parliamentarians have.

Thanks for letting us know about this startling fact. I wonder how many times the media in the outside world pointed this out. I am not sure if the average Russian is aware of this.
1 Stars
Jarno
Helsinki , Finland
No wonder that the Communist Party is growing popular by the day. With economic disparity between the rich and the poor so huge that dissent is going to drip down to the grassroot levels of the population. It is a matter of time when Putin and the super rich Oligarchs in Russia will start feeling real heat from the common man. If history is anything to go by, then Putin should know that a bloody revolution cannot be ruled out in the near future.
1 Stars
Dan
Bucharest, Romania
The West might have to soon decide whose side it is going to take. If they support Putin they would be supporting a despot. If they support the opposition the biggest of which is the Communist Party they run the risk of helping getting Russia back into the Stalinist system again. Though personally I don't think the Communist Party will do something like that to Russia if voted to power. It would be like just another political party in power with a left inclination.
1 Stars
Dzej
Warsaw, Poland
Why is Mikhail Khodorkovsky in jail now? I guess he was a fool enough not to have towed Putin's line. He surely isn't a man of conscience or principles to have opposed Putin in the political arena bringing Yukos and his own downfall so much so that he ended up in a notorious uranium mining labor camp that has a reputation as a place from which nobody returned alive.

The 'poor' man could have been so well off now. He was Russia's wealthiest man and by now his wealth could have grown even bigger. He lost the plot completely.
1 Stars
Kevin
Philadelphia, United States
The Russians are increasingly growing sick of the rich-poor divide especially where living in cities have become prohibitively expensive. The country doesn't provide as many opportunities as cities to make a living and as a result the youth is getting restive.

Anti Putin demonstrations have become more frequent and audacious than before. If the Russians say that they are happy seeing a resurgent Russia capable of taking a stand against the West on foreign policy and other issue then those are the voices of the elite. You are right when you say that the income inequality score rivals that of sub-Saharan Africa. Good governance and Russia had always been a fantastic conception given that first the corrupt and meet Tsars ruled it, then came the communists and after it a brief period of dark age during Yeltsin and now the autocracy of Putin.

What signal the mega rich Russian parliament is sending to the common people they err... represent? It seems Russia is in for some bleak times ahead. Putin won't get asylum should he is forced to flee someday. Well, maybe a comfy apartment in Belgrade is what he can hope to get if he is lucky.
1 Stars
Alexandra
Kiev, Ukraine
suleiman kerimov survived a high speed car crash in French Riviera about a year and half back destroying his ferrari enzo. me sure that many russians prayed that he never survived. this man on a luxury trip in a luxury resort town in a expensive car. are these really political people suppose to see problem of citizen or just like feudal noblemen in king putin's court and assembly. very strange country russia is becoming.
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