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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.
This is known as the iron law of oligarchy. [32] Representative democracies which are stable have been analysed by Adolf Gasser and compared to the unstable representative democracies in his book Gemeindefreiheit als Rettung Europas which was published in 1943 and a second edition in 1947. [33]
Definition Classical republic: Classical antiquity civilizations typically followed a republican model with a complex system of assemblies and magistrates, all drawing upon the idea of a "civic" sector—a representative sample of particular populations. In a classical republic, power rests with selected individuals who represent the citizenry ...
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 ...
The term oligarchy refers to a government that is run by a handful of people, often for their own gain. The president went on to say there could be "dangerous consequences if their abuse of power ...
"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 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 ...
A liberal democracy is a representative democracy which enshrines a liberal political philosophy, where the ability of the elected representatives to exercise decision-making power is subject to the rule of law, moderated by a constitution or laws that such as the protection of the rights and freedoms of individuals, and constrained on the ...