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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.
Examples are the director of the institute where Putin obtained a degree in 1996, Vladimir Litvinenko, [29] and Putin's childhood friend and judo-teacher Arkady Rotenberg. [30] Gennady Timchenko was close friends with Russian leader Vladimir Putin since the early 1980s. [31] [32] In 1991, Putin gave Timchenko an oil export license. [11]
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).
Bureaucracy by design leads to centralization of power by the leaders. Leaders also have control over sanctions and rewards. They tend to promote those who share their opinions, which inevitably leads to self-perpetuating oligarchy. People achieve leadership positions because they have above-average political skill (see Charismatic authority ...
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Biden warns of 'tech industrial complex' In his 17-minute speech, Biden called it the "highest honor of my life to lead you as commander in chief" and recalled the situation he inherited four ...
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 ...
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 ...