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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.
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 ] These oligarchs worked in close cooperaton with the government, displacing a system of crony capitalism with a system of state capitalism whereby the new oligarchs benefited from ...
After World War II, many governments in Latin America, Asia, and Africa were ruled by autocratic governments. Examples of dictators include Joseph Stalin, Mao Zedong, Adolf Hitler, Benito Mussolini and the Kim dynasty of North Korea founded by Kim Il Sung. Military dictatorship: A dictatorship primarily enforced by the military.
In short, an oligarchy is an elite few who control the government's actions. By using the pointedly negative term “oligarchy,” Biden equated this moment — when the world's wealthiest men are feting President-elect Donald Trump — with some of history's more brutal regimes.
Perhaps none of the leaders on this list has as much at stake as Chew, whose Chinese-owned company’s video sharing app is set to be banned from American app stores on the day before Trump takes ...
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 is warning Americans about the threat of an "ultra-wealthy" "oligarchy," but did not mention in his farewell speech the billionaires that have supported him in recent years.
411, Athens: A coup at Athens, led by Antiphon, established a short-lived oligarchy known as The Four Hundred. 404, Athens: A coup at Athens, led by Critias, established the short-lived pro-Spartan oligarchy known as the Thirty Tyrants. 209, Xiongnu Empire: The Xiongnu Emperor Modu Chanyu overthrew his father Touman and killed his rival half ...