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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.
The iron law of oligarchy is a political theory first developed by the German-born Italian sociologist Robert Michels in his 1911 book Political Parties. [1] It asserts that rule by an elite, or oligarchy , is inevitable as an "iron law" within any democratic organization as part of the "tactical and technical necessities" of the organization.
Solon introduced the ideas of timokratia as a graded oligarchy in his Solonian Constitution for Athens in the early 6th century BC. His was the first known deliberately implemented form of timocracy, allocating political rights and economic responsibility depending on membership of one of four tiers of the population.
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 ...
Biden warns of 'tech industrial complex' In his 17-minute speech, Biden called it the "highest honor of my life to lead you as commander in chief" and recalled the situation he inherited four ...
Outgoing US President Joe Biden warned of the dangers of an oligarchy gaining power as he delivered his farewell address and brought a decades-long career in politics to an end. "Today, an ...
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 ...
Bureaucracies tend to generate oligarchy; which is where a few officials are the political and economic power. According to Weber, because bureaucracy is a form of organization superior to all others, [ 13 ] further bureaucratization and rationalization may be an inescapable fate .