Academic oligarchy and the market are also influential – although the ways in which the three forces interact vary according to contexts. Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens. It comes from the Greek … Oligarchs can be … Study: US is an oligarchy, not a democracy. The people who hold the power in an oligarchy are called “oligarchs” and are related by characteristics such as wealth, family, nobility, corporate interests, religion, politics, or … I love the common people. The oligarchy refers to a form of government that was implemented during the contemporary era, represented by a group of people belonging to the same social class , that is, it is a government made up of few people. "Aristotle writes that 'oligarchy is when men of property have the government in their hands... wherever men rule by reason of their wealth, whether they be few or many, that is an oligarchy, and where the poor rule, that is a democracy'.". Both oligarchy and democracy refer to different types of ruling systems. See the full definition for oligarch in the … Oligarchy” means government of and by a few at the top, who exercise power for their own benefit. An oligarchy is a power structure under which a small group of elite individuals, families, or corporations control a country. About sharing. Winters has posited a comparative theory of "oligarchy" in which the wealthiest citizens – even in a "civil oligarchy" like the United States – dominate policy concerning crucial issues of wealth- and income-protection. The word "oligarchy" from the Greek words olígos, which means "few," and archo, which means "to rule".  They even used lots for posts, such as judges and jurors in the political courts (nomothetai), which had the power to overrule the Assembly. Oligarchy (from Greek ὀλιγαρχία (oligarkhía); from ὀλίγος (olígos) 'few', and ἄρχω (arkho) 'to rule or to command') is a form of power structure in which power rests with a small number of people. The oligarchy refers to a form of government that was implemented during the contemporary era, represented by a group of people belonging to the same social class , that is, it is a government made up of few people. You can also refer to a country which is governed in this way as an oligarchy . People have control over their lives and also oligarchy facilitates people with self empowerment. The main difference between oligarchy and plutocracy is that oligarchy is the rule by a privileged minority whereas plutocracy is the rule by a wealthy minority.Hence, plutocracy is a form of oligarchy, but plutocracy distinguishes the particular ruling minority by their great income or wealth. Besides these two, we have meritocracy “a system in which the talented are chosen and moved ahead on the basis of their achievement,” monarchy “a form of government in which a country is ruled by a king or queen,” ochlocracy “government by the mob," and gerontocracy “rule by elders,” among many others. The term "oligarchy" is popping up during Lebanon's uprising, where exchanges inevitably turn to the term’s intelligibility rather than whether it is an apt characterization of the country's order. It possesses sufficient political power to promote its own interests. 1 A small group of people having control of a country or organization. Share page. The official definition is this: it is a small group of people that have complete control. The study analyzed nearly 1,800 policies enacted by the US government between 1981 and 2002 and compared them to the expressed preferences of the American public as opposed to wealthy Americans and large special interest groups. Oligarchy is one of numerous English words for a type of rule or government. Oligarch definition, one of the rulers in an oligarchy. Owners are the largest private owners in the country. Aristotle pioneered the use of the term as meaning rule by the rich, for which another term commonly used today is plutocracy. , The exclusive consolidation of power by a dominant religious or ethnic minority has also been described as a form of oligarchy. These example sentences are selected automatically from various online news sources to reflect current usage of the word 'oligarchy.' Pieces of global opinion. An oligarchy may be an assembled clique of people or a particular select class of people, an oligarchy is usually considered tyrannical. ", In 1998, Bob Herbert of The New York Times referred to modern American plutocrats as "The Donor Class" (list of top donors) and defined the class, for the first time, as "a tiny group—just one-quarter of 1 percent of the population—and it is not representative of the rest of the nation. . Accessed 16 Jan. 2021. People in Oligarchy system deal with the issues by voting on them. An oligarch is one of the select few people who rule or influence leaders in an oligarchy—a government in which power is held by a select few individuals or a small class of powerful people. Oligarchy summary is an overview about its definition, advantages, disadvantages, origin, etc. Oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. Oligarchy is a term for a government in which power is held by a select few individuals or a small class of powerful people. Oligarchy is one of numerous English words for a type of rule or government. Since the collapse of the Soviet Union and privatization of the economy in December 1991, privately owned Russia-based multinational corporations, including producers of petroleum, natural gas, and metal have, in the view of many analysts, led to the rise of Russian oligarchs. It usually refers to a group that controls a country, though the concept applies to businesses and other structures as well. the fact of a country being ruled or controlled by a small group of powerful people: The real difference between oligarchy and democracy is wealth. New York, 2020, Income inequality in the United States § Democracy and society, Politics of the United States § Concerns about oligarchy, "Capital structure and oligarch ownership", "Tax Data Show Richest 1 Percent Took a Hit in 2008, But Income Remained Highly Concentrated at the Top. , The modern United States has also been described as an oligarchy because economic elites and organized groups representing special interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups have little or no independent influence.. Please tell us where you read or heard it (including the quote, if possible). You can look at the figure and judge for yourself: America in 2014 matches mostly with the oligarchy model — an oligarchy of wealthy individuals. 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). Find more ways to say oligarchy, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. (2014). , Some contemporary authors have characterized current conditions in the United States as oligarchic in nature. Oligarchy literally means rule of a few. Oligarchy is a small group of wealthy people who rule. Copy link. What made you want to look up oligarchy? 17 April 2014. Oligarchy vs. Democracy. These people may be distinguished by nobility, wealth, education, corporate, religious, political, or military control. What is an oligarchy? Overall there are 35 oligarchic groups. An oligarchy is a power structure that allows a few businesses, families, or individuals to rule. The term oligarchy has been used to describe historical examples of government rule by the few. Oligarchy Summary! ‘Whether at home or overseas, the US government serves the interests of the financial oligarchy that controls both the Democrats and the Republicans.’.