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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.
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).
The iron law of oligarchy is a political theory first developed by the German-born Italian sociologist Robert Michels in his 1911 book Political Parties. [1] It asserts that rule by an elite, or oligarchy , is inevitable as an "iron law" within any democratic organization as part of the "tactical and technical necessities" of the organization.
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 also faction between the oligarchs and the people.” What are some examples of oligarchies?
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 ...
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 ...
Theocracy is a form of autocracy [1] or oligarchy in which one or more deities are recognized as supreme ruling authorities, giving divine guidance to human intermediaries, with executive and legislative power, who manage the government's daily affairs.