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Tax the Oligarchs

Around the world, there is concern about the arrest of Russian oil billionaire Mikhail Khodorkovsky. The worry is that Russia may be backtracking from democracy and the rule of law.

Russia faces numerous problems posed by the legacy of Communism and the way the transition from Communism to a market economy was handled. One set of problems concerns politics and the difficulties of creating democracy and the rule of law after decades of totalitarianism. Another relates to economics.