Wednesday, October 29, 2008

The Unpleasant Truth About Oligarchs

The Observer's Nick Cohen typically got to the heart of the Deripaska Affair with his article in the Observer last Sunday. However, whilst concentrating on illuminating the dark arts and shady friendships that make Derispaska both hugely wealthy and, er, alive and not in jail in Putins Russia, Cohen also has this sharp comment about the British judicial system whose craven libel laws provide such lovely cover for such men:

London not only offers crony capitalists Michelin-starred restaurants, security guards and discreet bankers. Our authoritarian libel laws also attract the rich. Editors think once, twice, 100 times before crossing them. They know they must contend with libel judges and Law Lords unfit to hold office in an open society because they won't stand up for freedom of speech.

Bang on.

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