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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.
"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 ...
“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 ...
"Today, an oligarchy is taking shape in America of extreme wealth, power and influence that really threatens our entire democracy, our basic rights and freedom," he said on Wednesday.
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).
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.
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, freedoms, and a fair shot for everyone to ...