American Oligarchs

Author
Katrina vanden Heuvel
Content Type
Journal Article
Journal
Foreign Affairs
Volume
87
Issue Number
5
Publication Date
September/October 2008
Institution
Council on Foreign Relations
Abstract
Replying to Padma Desai's letter ("Putin's Russia," May/June 2008), Michael McFaul and Kathryn Stoner-Weiss assert that, like the Yeltsin-era media bosses, the United States' "oligarchs . . . own" many media outlets, including The Nation. In reality, The Nation -- the United States' oldest continuously published weekly -- has operated at a loss during all but a few of its 143 years and has been kept alive by its subscribers, advertisers, and many loyal supporters. Moreover, The Nation's equally long-standing antioligarchic positions are known to virtually everyone familiar with the American press.
Political Geography
Russia, United States, America