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American Oligarchs

Katrina vanden Heuvel
September/October 2008
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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.

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