John McCain Quotes
On Putin's order, corrupt apparatchiks and crony oligarchs rob Russians of their nation's wealth and resources.
McCain, John, and Mark Salter. The Restless Wave: Good Times, Just Causes, Great Fights, and Other Appreciations. Simon & Schuster, 2018.
In this context, “rent" means payment is required for the use or right to use anything such as using land for a pipeline, for mining, prospecting for oil, the rights to fish for caviar sturgeon, erecting a building, obtaining an official document, etc. The Russian economic system and culture has created a striving for getting paid to grant rights as opposed to getting paid for making something, creating something, or performing a service for someone. In the breakup of the Soviet Union, some individuals obtained (by various means) the right to charge rent to others for much of the great trove of Russian land, waters and other natural resources. They became billionaires – oligarchs – and many are still paying off government officials to control those rights.
Rent Seeking: When a company, organization or individual uses their resources to obtain an economic gain from others without reciprocating any benefits back to society through wealth. Google Definition
Putin was the then Russian President. Corruption was rampant.
John Sidney McCain III was an American politician, statesman and United States Navy officer who served as a United States Senator for Arizona from 1987 until his death in 2018. He previously served two terms in the United States House of Representatives and was the Republican nominee for president of the United States in the 2008 election, which he lost to Barack Obama.