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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.
In short, an oligarchy is an elite few who control the government's actions. By using the pointedly negative term “oligarchy,” Biden equated this moment — when the world's wealthiest men are feting President-elect Donald Trump — with some of history's more brutal regimes.
Often the word is defined more broadly. For example, a 2010 International Alert publication defined anocracies as "countries that are neither autocratic nor democratic, most of which are making the risky transition between autocracy and democracy". [41] Alert noted that the number of anocracies had increased substantially since the end of the ...
But unlike an aristocracy, an oligarchy is more closely tied to wealth than nobility and family lineage. The philosopher Aristotle wrote in his book “Politics” that “democracy is safer and more free from civil strife than oligarchy; for in oligarchies two kinds of strife spring up, faction between different members of the oligarchy and ...
"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 ...
President Biden is warning that an "oligarchy" of the "ultra-wealthy" is taking shape in America as big tech CEOS have been warming up to President-elect Trump.
President Biden used his farewell address from the Oval Office on Wednesday to warn Americans of an oligarchy taking shape in the U.S. while issuing warnings of other threats to the nation as he ...
More generally, an oligarch (from Ancient Greek ὀλίγος (oligos) 'few' and ἄρχειν (archein) 'rule') is a "member of an oligarchy; a person who is part of a small group holding power in a state". [3]