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What countries have an oligarchy today? An oligarchy refers to rule by a small group of people. There are no true oligarchies. Bahrain, China, Cuba, Iran, Kuwait, North Korea, Philippines, Russia, Saudi Arabia, South Africa, Turkey, Ukraine, United Arab Emirates, United States, Venezuela and Zimbabwe have oligarchic qualities.
Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few', and ἄρχω (árkhō) 'to rule, command') is a conceptual form of power structure in which power rests with a small number of people.
May 31, 2024 · Oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. Oligarchies in which members of the ruling group are wealthy or exercise their power through their wealth are known as plutocracies.
Mar 10, 2023 · An oligarchy is a form of government, just as a democracy or monarchy is. Here's how it works and a few examples of countries some say it applies to.
Nov 14, 2019 · An oligarchy is a power structure made up of a few elite individuals, families, or corporations that are allowed to control a country or organization. This article examines the characteristics of oligarchies, their evolution, and how common they are today.
Oct 19, 2023 · Broadly speaking, an oligarchy is a form of government characterized by the rule of a few persons or families. More specifically, the term was used by Greek philosopher Aristotle in contrast to aristocracy, which was another term to describe rule by a privileged few.
4 days ago · Russian oligarchs, tycoons who reaped enormous fortunes in the collapse of the Soviet Union in 1991. When the centrally planned economy of the then-Soviet Union crashed, a group of quick-thinking men picked up the pieces and turned them into vast private wealth. They also became politically active.
