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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]
Representative democracy: Wherein the people or citizens of a country elect representatives to create and implement public policy in place of direct participation by the people. Almost all current democratic governments Social democracy: Elements of direct and representative democracies are combined in a form of participatory democracy.
PHOTO: President Joe Biden delivers his farewell address to the nation from the Oval Office of the White House in Washington, D.C., on Jan. 15, 2025.
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 ...
WASHINGTON ― President Joe Biden delivered a vigorous defense of his record and warned of an American "oligarchy" in a primetime address from the Oval Office as he bid farewell to four years in ...
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 ...
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 ...