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Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) ' rule by few '; from ὀλίγος (olígos) ' few ' and ἄρχω (árkhō) ' to rule, command ') [1] [2] [3] is a form of government in which power rests with a small number of people.
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
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For example, the 2003 Constitution referendum gives the Prince of Liechtenstein the power to veto any law that the Landtag (parliament) proposes and vice versa. The Prince can hire or dismiss any elective member or government employee from their post. However, unlike an absolute monarch, the people can call for a referendum to end the Prince's ...
"Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms, and a fair shot for everyone to ...
Since 2014, hundreds of Russian oligarchs and their companies have been hit with US sanctions for their support of "the Russian government's malign activity around the globe". [ 5 ] [ 6 ] In 2022, many Russian oligarchs and their close family members were targeted and sanctioned by countries around the world as a rebuke of Russia's war in Ukraine .
The term oligarchy refers to a government that is run by a handful of people, often for their own gain. The president went on to say there could be "dangerous consequences if their abuse of power ...
"Today, an oligarchy is taking shape in America of extreme wealth, power and influence that literally threatens our entire democracy, our basic rights and freedoms and a fair shot for everyone to ...