The 2023 crony-capitalism index

Crony capitalists’ wealth has risen to nearly 3% of global GDP. (Image: Getty)

Thu, 04 May 2023

Over the past 20 years, Britain’s capital was so welcoming to oligarchs that it became known as “Londongrad”. Many bought mansions from Highgate to Hyde Park; a couple bought into football clubs. After Russia invaded Ukraine in February last year, 48 oligarchs were placed under Western sanctions. The immense wealth of many of Vladimir Putin’s associates highlights the problem of crony capitalism and why more should be done to combat it.According to the latest instalment of our crony-capitalism index, which first est...

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