An oligarchy (Greek Greek , an independent branch of the Indo-European family of languages, is the language of the Greeks. Native to the southern Balkans, it has the longest documented history of any Indo-European language, spanning 34 centuries of written records. In its ancient form, it is the language of classical ancient Greek literature and the New Testament of Ὀλιγαρχία, Oligarkhía) (oligocracy) is a form of government in which power Political power is a type of power held by a group in a society which allows administration of some or all of public resources, including labour, and wealth. There are many ways to obtain possession of such power. At the nation-state level political legitimacy for political power is held by the representatives of national sovereignty. Political effectively rests with a small elite Elitism is the belief or attitude that those individuals who are considered members of the elite — a select group of people with outstanding personal abilities, intellect, wealth, specialized training or experience, or other distinctive attributes — are those whose views on a matter are to be taken the most seriously or carry the most weight segment of society distinguished by royalty, wealth, family ties, military might, or religious hegemony Hegemony is the political, economic, ideological or cultural power exerted by a dominant group over other groups, regardless of the explicit consent of the latter. While initially referring to the political dominance of certain ancient Greek city-states over their neighbours, the term has come to be used in a variety of other contexts, in. The word oligarchy is from the Greek words for "few/one" (ὀλίγος olígos) and "rule" (ἀρχή arkhē). Such states are often controlled by politically powerful families whose children are heavily conditioned and mentored to be heirs of the power of the oligarchy.
Oligarchies have been tyrannical In modern usage, the word "tyrant" carries connotations of a harsh and cruel ruler who places his or her own interests or the interests of a small oligarchy over the best interests of the general population, which the tyrant governs or controls. Many individual rulers or government officials are accused of tyranny, with the label almost throughout history, being completely reliant on public servitude to exist. Although Aristotle Aristotle (384 BC – 322 BC) was a Greek philosopher, a student of Plato and teacher of Alexander the Great. His writings cover many subjects, including physics, metaphysics, poetry, theater, music, logic, rhetoric, politics, government, ethics, biology, and zoology. Together with Plato and Socrates (Plato's teacher), Aristotle is one of the most pioneered the use of the term as a synonym for rule by the rich, for which the exact term is plutocracy In a plutocracy, the degree of economic inequality is high while the level of social mobility is low. This can apply to a multitude of government systems, as the key elements of plutocracy transcend and often occur concurrently with the features of those systems, oligarchy is not always a rule by wealth, as oligarchs can simply be a privileged group. Some city-states from ancient Greece Ancient Greece is the civilization belonging to the period of Greek history lasting from the Archaic period of the 8th to 6th centuries BCE to 146 BCE and the Roman conquest of Greece after the Battle of Corinth. At the center of this time period is Classical Greece, which flourished during the 5th to 4th centuries BC, at first under Athenian were oligarchies. The combination of the words plutocracy In a plutocracy, the degree of economic inequality is high while the level of social mobility is low. This can apply to a multitude of government systems, as the key elements of plutocracy transcend and often occur concurrently with the features of those systems and oligarchy make the word plutarchy.
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Motley Fool (blog)
On the one hand, the US tobacco market is basically an oligarchy consisting of Reynolds, Altria, and much smaller Lorillard (LO). ...
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