Russian authorities have confiscated assets worth 550 billion rubles ($7.59 billion) linked to jailed billionaire Vadim Moshkovich and transferred them to state ownership, the Interior Ministry said Thursday, in what appears to be the largest asset seizure of Russia's recent wave of nationalizations.
  • Vergissmeinnicht@lemmy.caEnglish
    2·
    1 day ago

    If something stands above capitalism and controls it, then that is the governing philosophy and deserves the -ism, not capital.

    capitalism isn’t a form of governance it’s an economic system.

    Democracy is a form of governance, so is plutocracy, or monarchy, or aristocracy.

    Many different forms of governance can structure their economy using capitalism.

    But a capitalist economy will always push the current form government towards plutocracy