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 Clueless Russian billionaire Mikhail Prokhorov wants capitalism but also a welfare state

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RR Phantom

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Clueless Russian billionaire Mikhail Prokhorov wants capitalism but also a welfare state Vide
PostSubject: Clueless Russian billionaire Mikhail Prokhorov wants capitalism but also a welfare state   Clueless Russian billionaire Mikhail Prokhorov wants capitalism but also a welfare state Icon_minitimeSun Jun 26, 2011 5:49 am

A Russian pro-reform party on Saturday elected billionaire oligarch Mikhail Prokhorov as its chief, with the mission of challenging the dominance of Vladimir Putin's ruling faction United Russia.

Delegates elected Prokhorov unopposed as the new leader of the Pravoe Delo (Just Cause) party at an extraordinary congress in Moscow, party officials announced in a session broadcast live on state television.

Clueless Russian billionaire Mikhail Prokhorov wants capitalism but also a welfare state Art_Mikhail-Prokhorov-420x0

Just two delegates voted against his candidacy, with 107 in favour, according to the results of the secret ballot.

Addressing party members on Saturday, Prokhorov underlined that Right Cause would focus on building a viable capitalism in Russia, but - perhaps wary of alienating older voters accustomed to state support - he added socialism still had its place in Russian society.

"Our main slogan, 'Capitalism for all,' is not true. That's not possible. Capitalism is only for people who like to take risks, who like to take this responsibility upon themselves. An intelligent, professional and fair state should give others social guarantees and support," Prokhorov said.

But while Prokhorov's sudden entry into politics has created a flurry of excitement in the sometimes stagnant Russian political scene, sceptics have argued he has rarely troubled the Kremlin.

His election is the first time a top businessman has entered politics since the arrest in 2003 of oil magnate Mikhail Khodorkovsky, whose supporters say was punished for daring to finance opposition to strongman Putin.

Prokhorov was in 2011 rated as Russia's third richest man by Forbes Magazine, with an estimated fortune of $US18 billion ($A17.14 billion). He heads the Onexim group, an investment firm with big interests in mining, new technologies, media and banking.

http://www.smh.com.au/world/russian-billionaire-steps-up-to-challenge-putin-20110626-1gl9y.html
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