Quick Answer: What Oligarchy Means?

What exactly is an oligarch?

More generally, an oligarch is a “member of an oligarchy; a person who is part of a small group holding power in a state”.

Aristotle gave the concept of oligarchy some negative connotations, but the term does not necessarily imply wealth..

What is the best definition of an oligarchy?

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. Oligarchy.

What is another word for oligarchy?

In this page you can discover 18 synonyms, antonyms, idiomatic expressions, and related words for oligarchy, like: diarchy, duumvirate, theocracy, thearchy, triarchy, duarchy, triumvirate, regency, gerontocracy, aristocracy and government.

Is United States an oligarchy?

The modern United States has also been described as an oligarchy because economic elites and organized groups representing special interests have substantial independent impacts on U.S. government policy, while average citizens and mass-based interest groups have little or no independent influence.

What is the root word of oligarchy?

The word oligarch has Greek roots, and comes from oligoi for “few” and arkhein “to rule.” When a country is ruled by an oligarchy, power isn’t in the hands of one person (like a monarchy) or the people (like a democracy) but a small group of people. An oligarch can be a member of the nobility or a wealthy person.

How does knowing that OLIG means few and arch means ruler clarify the meaning of oligarchy?

Monarchy is rule by one person, like monogamy is being married to only one person (“mono” means “one” in Greek). Oligarchy is rule by a few people (usually rich people), because “oligo” means “a few” in Greek).

Is the United States a plutocracy?

According to Kevin Phillips, author and political strategist to Richard Nixon, the United States is a plutocracy in which there is a “fusion of money and government.”

How are oligarchy chosen?

An oligarchy forms when leaders agree to increase their power regardless of whether it benefits society. This can happen in any political system. If the leader is weak, an oligarchy can form under a monarchy or tyranny. … They select a puppet or one of their own to replace the leader.

Is the US a republic?

While often categorized as a democracy, the United States is more accurately defined as a constitutional federal republic. A “republic” is a form of government in which the people hold power, but elect representatives to exercise that power. …

What are the two types of oligarchy?

There are two main forms of autocracy, dictatorship, and monarchy.

Is an oligarchy like a dictatorship?

An oligarchy can also mean that a few people control the country. For example, a junta is a small group of people—usually military officers—who rule a country after taking it over by force. A junta often operates much like a dictatorship, except that several people share power.

What are the pros and cons of oligarchy?

List of the 5 Pros of an OligarchyIt consolidates power with those who have expertise. … It reduces societal pressures. … It encourages creative endeavors. … It encourages a conservative approach. … It still allows anyone to join. … It encourages income inequality. … It inhibits growth over time. … It can disrupt the economy.More items…•

What are some advantages to an oligarchic form of government?

One of the main pros of oligarchy is that it puts power in the hands of people who are often experts and can make informed decisions for the populous or company. It therefore is more efficient than every single person being able to make decisions, and can often free up people to focus on their own work or lives.

Is America a corporatocracy?

Economist Jeffrey Sachs described the United States as a corporatocracy in The Price of Civilization (2011).