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Oligarchy - Wikipedia. Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few', and ἄρχω (árkhō) 'to rule, command') [1] [2] [3] is a conceptual form of power structure in which power rests with a small number of people.
May 31, 2024 · Oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. Oligarchies in which members of the ruling group are wealthy or exercise their power through their wealth are known as plutocracies.
- The Editors of Encyclopaedia Britannica
An oligarchy is a power structure made up of a few elite individuals, families, or corporations that are allowed to control a country or organization. This article examines the characteristics of oligarchies, their evolution, and how common they are today. Key Takeaways: What Is an Oligarchy?
Russian oligarchs (Russian: олигархи, romanized: oligarkhi) are business oligarchs of the former Soviet republics who rapidly accumulated wealth in the 1990s via the Russian privatisation that followed the dissolution of the Soviet Union.
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Oct 19, 2023 · Broadly speaking, an oligarchy is a form of government characterized by the rule of a few persons or families. More specifically, the term was used by Greek philosopher Aristotle in contrast to aristocracy , which was another term to describe rule by a privileged few.
Jun 7, 2024 · Russian oligarchs, tycoons who reaped enormous fortunes in the collapse of the Soviet Union in 1991. When the centrally planned economy of the then-Soviet Union crashed, a group of quick-thinking men picked up the pieces and turned them into vast private wealth.
Oligarchy is one of numerous English words for a type of rule or government. Some of these words, such as plutocracy, have an exceedingly similar meaning (both may be used to refer to rule by an economic elite, but oligarchy often has the additional connotation of corruption).
