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Updated on November 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.
Mar 10, 2023 · Examples of oligarchy. Because oligarchy is often used as a derogatory term for a corrupt government, several countries have been described as such throughout history. The term oligarch has...
Examples of this system include South Africa under apartheid, Liberia under Americo-Liberians, the Sultanate of Zanzibar, and Rhodesia, where the installation of oligarchic rule by the descendants of foreign settlers was primarily regarded as a legacy of various forms of colonialism. [5]
- The Kingdom of France. The Kingdom of France was one of the most powerful states in Europe since the High Middle Ages. At various times, it was either an absolute monarchy or a parliamentary constitutional monarchy.
- China. The government of China describes itself as communist. China is also called the “people’s republic,” but the governance of China is maintained not by the majority of citizens.
- Iran. The politics of Iran have also been characterized as oligarchic. It has been called a theocracy and a clerical oligarchy. Clerics in Iran have a lot of political power.
- Saudi Arabia. Saudi Arabia is an absolute monarchy (Cavendish, 2006), but its political arrangement does have elements of an oligarchy. Most political decisions are made by the members of the House of Al Saud, but the ulama (Islamic religious leaders and jurists), tribal sheiks, and members of important families also have considerable influence on major issues (Teitelbaum et al., 2022).
Mar 4, 2022 · The history of oligarchy is as long as the history of rich powerful people who influence and run governments. In fact, back in 2014, a couple of researchers suggested that the American government ...
Oct 28, 2023 · Add to myFT. From Putin to Musk: the making of a modern-day oligarch. Today’s super-rich govern countries, set agendas — and thrive in times of turmoil. Simon Kuper on how oligarchs...
Mar 19, 2024 · Oligarchy, with roots tracing back to ancient Greece, signifies rule by a few. Historically, it emerged in societies where power was unequally distributed, often leading to social and economic disparities. Modern examples can include corporations controlled by a few individuals or countries governed by powerful elites.
