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"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 ...
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.
In 1957, Fortune magazine developed a list of the seventy-six wealthiest Americans, which was published in many American newspapers. [6] Jean Paul Getty, when asked his reaction to being named wealthiest American and whether he was worth a billion dollars, said, "You know, if you can count your money, you don't have a billion dollars" and then added, "But remember, a billion dollars isn't ...
A business oligarch is generally a business magnate who controls sufficient resources to influence national politics. [ 1 ] [ 2 ] A business leader can be considered an oligarch if some of the following conditions are satisfied:
According to the Peter G. Petersen Foundation, the top 20% of wealthiest households in America have seen their income rise 165% from 1981 to 2021, while the middle and lowest quintiles have seen ...
Sen. Bernie Sanders calls them "oligarchs," while Gov. J.B. Pritzker gets cheers when touting his own billionaire status.
It referred to a previous investigation by USA Today, which concluded that "38 Russian businessmen and oligarchs close to the Kremlin died in mysterious or suspicious circumstances between 2014 and 2017." [5] The phenomenon has been called "sudden Russian death syndrome" or "sudden oligarch death syndrome", a play on sudden arrhythmic death ...
Not all Russian billionaires are oligarchs — for the elite class known as "Putin's inner circle," wealth is historically intertwined with politics.