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{{short description|Form of government with small ruling class}}
'''Oligarchy''' is a form of ] where most power is effectively vested in a small segment of society (typically the wealthiest or most ruthless segment). Oligarchies are often controlled by a few powerful families whose children are raised and groomed as inheritors of the power of the oligarchy, often at some sort of expense to those governed. This power may not always be exercised openly, the oligarchs perferring to remain "the power behind the throne," exerting control through economic means.
{{distinguish||text=], a type of market structure which is controlled by a small number of firms}}
{{use dmy dates|date=September 2017}}
{{basic forms of government|expanded=Oligarchy}}


'''Oligarchy''' ({{etymology|grc|''{{Wikt-lang|grc|ὀλιγαρχία}}'' ({{grc-transl|ὀλιγαρχία}})|rule by few}}; {{etymology||''{{Wikt-lang|grc|ὀλίγος}}'' ({{grc-transl|ὀλίγος}})|few||''{{Wikt-lang|grc|ἄρχω}}'' ({{grc-transl|ἄρχω}})|to rule, command}})<ref>, Henry George Liddell, Robert Scott, ''A Greek–English Lexicon'', on Perseus Digital Library</ref><ref>, Liddell/Scott.</ref><ref>. Liddell/Scott.</ref> is a form of ] in which ] rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such as ], ], ], ], or ], ], ], or ] control.


Throughout history, power structures considered to be oligarchies have often been viewed as coercive, relying on public obedience or oppression to exist. ] pioneered the use of the term as meaning rule by the rich, contrasting it with ], arguing that oligarchy was the perverted form of aristocracy.<ref>Winters (2011) pp. 26–28. "Aristotle writes that 'oligarchy is when men of property have the government in their hands... wherever men rule by reason of their wealth, whether they be few or many, that is an oligarchy, and where the poor rule, that is a democracy'."</ref>


== Types ==
A society may become an oligarchy by default as an outgrowth of the shifting alliances of warring tribal chieftans, although any form of government may transform into an oligarchy at some point in its evolution. The most likely mechanism for this transformation is a gradual accumulation of otherwise unchecked economic power. Oligarchies may also evolve into more authoritarian forms of government, sometimes as the result of one family gaining asendency over the others. Many of the European monarchies established during the late middle ages began in this manner.


=== Minority rule ===
{{Main|Minoritarianism}}


The consolidation of power by a dominant religious or ethnic minority can be considered a form of oligarchy.<ref name=Minority1>{{cite book |last1=Coleman |first1=James |last2=Rosberg |first2=Carl |title=Political Parties and National Integration in Tropical Africa |url=https://archive.org/details/politicalparties0000cole |url-access=registration |date=1966 |pages= |publisher=] |location=Los Angeles |isbn=978-0520002531}}</ref> Examples include South Africa during ], Liberia under ], the ]{{Citation needed|reason=How?|date=November 2024}}, and ]. In these cases, oligarchic rule was often tied to the legacy of colonialism.<ref name=Minority1/>


In the early 20th century, ] expanded on this idea in his ] He argued that even democracies, like all large organizations, tend to become oligarchic due to the necessity of dividing labor, which ultimately results in a ruling class focused on maintaining its power.
Oligarchies may also become instruments of transformation, insisting that monarchs or dictators share power, thereby opening the door to power sharing by other elements of society. One example of this process occured when English nobles banded together in 1215 to force a relutant King John to sign the ], a tacit recognition both of ]'s waning power and of the existence of an incipient oligarchy. As English society continued to grow and develop, the Magna Carta was repeatedly revised (1216, 1217, and 1225), guaranteeing greater rights to greater numbers of people, thus setting the stage for British ].


=== Putative oligarchies ===
{{Main| Business oligarch }}


Business groups may be considered oligarchies if they meet the following criteria:
* They are the largest private owners in the country.
* They possess sufficient political power to influence their own interests.
* The owners control multiple businesses, coordinating activities across sectors.<ref name="Chern2018">{{cite journal |last1=Chernenko |first1=Demid |title=Capital structure and oligarch ownership |journal=Economic Change and Restructuring |date=2018 |pages=383–411 |doi=10.1007/S10644-018-9226-9 |volume=52 |issue=4 |s2cid=56232563 |url=https://mpra.ub.uni-muenchen.de/83641/1/MPRA_paper_83641.pdf}}</ref>


=== Intellectual oligarchies ===
See also: ], ], ], ]
] coined the concept of an intellectual oligarchy in his play '']'' (1907). In the play, Shaw criticizes the control of society by intellectual elites and expresses a desire for the empowerment of the common people:<ref>Shaw, Bernard und Baziyan, Vitaly. 2-in-1: English-German. Major Barbara & Major in Barbara. New York, 2020, {{ISBN|979-8692881076}}</ref><blockquote>I now want to give the common man weapons against the intellectual man. I love the common people. I want to arm them against the lawyer, the doctor, the priest, the literary man, the professor, the artist, and the politician, who, once in authority, is the most dangerous, disastrous, and tyrannical of all the fools, rascals, and impostors. I want a democratic power strong enough to force the intellectual oligarchy to use its genius for the general good or else perish.</blockquote>


==Countries perceived as oligarchies==
] and ] have described Colombia, Indonesia, Russia, Singapore and the United States as oligarchies.<ref name="winters2009">{{Cite journal |last1=Winters |first1=Jeffrey |authorlink1=Jeffrey A. Winters |last2=Page |first2=Benjamin |authorlink2=Benjamin Page |publication-date=December 2009 |title=Oligarchy in the United States? |journal=Perspectives on Politics |year=2009 |volume=7 |issue=4 |pages=731–751 |doi=10.1017/S1537592709991770 |s2cid=144432999 |access-date=2022-03-12 |url=https://www.researchgate.net/publication/231898807 |quote=the concept of oligarchy can be fruitfully applied not only to places like Singapore, Colombia, Russia, and Indonesia, but also to the contemporary United States.}}</ref>

=== The Philippines ===
{{Main|Monopolies in the Philippines (1965–1986)}}
During the ] from 1965 to 1986, several monopolies arose in the Philippines, primarily linked to the ] and their close associates. Analysts have described this period, and even subsequent decades, as an era of oligarchy in the Philippines.<ref>{{Cite journal |last=Hutchcroft |first=Paul D. |date=April 1991 |title=Oligarchs and Cronies in the Philippine State the Politics of Patrimonial Plunder |url=https://www.cambridge.org/core/journals/world-politics/article/abs/oligarchs-and-cronies-in-the-philippine-state-the-politics-of-patrimonial-plunder/ED0D256E6AA60C7FE702B4068CCAE06D |journal=World Politics |language=en |volume=43 |issue=3 |pages=414–450 |doi=10.2307/2010401 |jstor=2010401 |s2cid=154855272 |issn=1086-3338}}</ref><ref>{{Cite SSRN |last=Mendoza |first=Ronald U. |last2=Bulaong |first2=Oscar Jr. |last3=Mendoza |first3=Gabrielle Ann S. |date=1 February 2022 |title=Cronyism, Oligarchy and Governance in the Philippines: 1970s vs 2020s |ssrn=4032259 |language=en}}</ref><ref>{{Citation |last=Quimpo |first=Nathan Gilbert |title=Can the Philippines' wild oligarchy be tamed? |date=2015 |url=https://www.taylorfrancis.com/chapters/edit/10.4324/9781315674735-30/philippines-wild-oligarchy-tamed-nathan-gilbert-quimpo |work=Routledge Handbook of Southeast Asian Democratization |pages=347–362 |publisher=Routledge |doi=10.4324/9781315674735-30 |isbn=978-1-315-67473-5 |access-date=2022-05-15}}</ref><ref name=":1">{{Cite web |title=Explainer: The oligarchy in the Philippines is more than just one family or firm |url=https://www.philstar.com/headlines/2020/07/19/2028001/explainer-oligarchy-more-just-one-family-or-firm |access-date=2022-05-15 |website=Philstar.com}}</ref>

President ], elected in 2016, promised to dismantle the oligarchy during his presidency.<ref>{{Cite web |author=Ruth Abbey Gita-Carlos |title=Duterte takes pride in dismantling oligarchy |url=https://www.pna.gov.ph/articles/1134133 |access-date=2022-05-15 |work=] |language=en}}</ref><ref name=":1" /> However, corporate oligarchy persisted throughout his tenure. While Duterte criticized prominent tycoons such as the ] and ], corporate figures allied with Duterte, including ] of ], benefitted during his administration.<ref>{{cite web |url=https://www.cnnphilippines.com/business/2022/6/29/Businesses-under-Duterte-administration-Who-gained-got-hurt.html |title=Businesses under Duterte administration: Who gained, who got hurt? |last=Esmael |first=Lisbet |date=June 29, 2022 |website=CNN Philippines |access-date=Sep 19, 2023 |archive-date=28 September 2023 |archive-url=https://web.archive.org/web/20230928210716/https://www.cnnphilippines.com/business/2022/6/29/Businesses-under-Duterte-administration-Who-gained-got-hurt.html |url-status=dead}}</ref>

=== Russian Federation ===
{{Main|Russian oligarchs}}
Since the ] in 1991 and the subsequent ] of state-owned assets, a class of Russian oligarchs emerged. These oligarchs gained control of significant portions of the economy, especially in the energy, metals, and natural resources sectors.<ref>{{cite book |last=Scheidel |first=Walter |author-link=Walter Scheidel |title=The Great Leveler: Violence and the History of Inequality from the Stone Age to the Twenty-First Century |publisher=] |year=2017 |isbn=978-0691165028 |pages= & }}</ref> Many of these individuals maintained close ties with government officials, particularly the ], leading some to characterize modern Russia as an oligarchy intertwined with the state.<ref>{{Cite web |title=Russian oligarchs: What are they and how have they changed over time? |url=https://www.bbc.com/news/world-europe-60731864 |access-date=2023-09-28 |website=BBC}}</ref>

=== Iran ===
{{Main|Khomeinism|Velayat-e-faqih}}
The ], established after the 1979 ], is sometimes described as a clerical oligarchy. Its ruling system, known as '']'' (Governance of the Jurist), places power in the hands of a small group of high-ranking ] clerics, led by the ]. This group holds significant influence over the country's legislative, military, and economic affairs, and critics argue that this system concentrates power in a religious elite, marginalizing other voices within society.<ref>{{Cite book |last=Kazemzadeh |first=Masoud |title=Iran's Foreign Policy: Elite Factionalism, Ideology, the Nuclear Weapons Program, and the United States |publisher=Routledge |year=2020 |isbn=978-0-367-49545-9 |location=New York |pages=1–19}}</ref><ref>{{Cite book |last=Amuzager |first=Jahangir |title=The Islamic Republic of Iran: Reflections on an Emerging Economy |publisher=Routledge |year=2014 |isbn=978-1-85743-748-5 |location=New York |pages=48–50, 88–89}}</ref>

=== Ukraine ===
{{Main|Ukrainian oligarchs}}
Since Ukraine's independence in 1991, a powerful class of business elites, known as ], has played a significant role in the country's politics and economy. These oligarchs gained control of state assets during the rapid privatization that followed the collapse of the Soviet Union.<ref name=Chern2018>{{cite journal |last1=Chernenko |first1=Demid |title=Capital structure and oligarch ownership |journal=Economic Change and Restructuring |date=2018 |pages=383–411 |doi=10.1007/S10644-018-9226-9 |volume=52 |issue=4 |s2cid=56232563 |url=https://mpra.ub.uni-muenchen.de/83641/1/MPRA_paper_83641.pdf}}</ref> By 2021, Ukraine passed a law aimed at curbing oligarchic influence on politics and the economy.<ref>{{cite web |title=Zelensky's battle against oligarchs: What does the new law mean? |url=https://www.aljazeera.com/news/2021/9/23/ukraine-passes-controversial-anti-oligarch-bill |website=Al Jazeera |access-date=2023-09-28}}</ref>

=== United States ===
{{Further|Income inequality in the United States#Democracy and society|Politics of the United States#Oligarchy}}
]'', ] as giant money bags looming over ]]]
Several commentators and scholars have suggested that the United States demonstrates characteristics of an oligarchy, particularly in relation to the concentration of wealth and political influence among a small elite,<ref name="Kroll 2010-12-02">{{cite news |first=Andy |last=Kroll |title=The New American Oligarchy |date=2 December 2010 |publisher=] |url=http://archive.truthout.org/andy-kroll-the-new-american-oligarchy65597 |work=TomDispatch |access-date=17 August 2012 |url-status=dead |archive-url=https://web.archive.org/web/20120122032008/http://archive.truthout.org/andy-kroll-the-new-american-oligarchy65597 |archive-date=22 January 2012 |df=dmy-all}}</ref><ref>{{cite magazine |url=http://www.tnr.com/article/magazine/books-and-arts/106430/money-politics-inequality-power-one-percent-move-on-effect |title=America on the Brink of Oligarchy |magazine=The New Republic |date=24 August 2012 |last1=Starr |first1=Paul}}</ref><ref name="TAI 11-12/2011"> {{cite journal |title=Oligarchy and Democracy |url=http://www.the-american-interest.com/articles/2011/09/28/oligarchy-and-democracy/ |journal=] |date=November–December 2011 |orig-year=28 September 2011 |first=Jeffrey A. |last=Winters |volume=7 |issue=2 |access-date=17 August 2012}}</ref><ref name="NYT-19980719">{{cite news |last=Herbert |first=Bob |author-link=Bob Herbert |title=The Donor Class |url=https://www.nytimes.com/1998/07/19/opinion/in-america-the-donor-class.html |date=19 July 1998 |work=] |access-date=10 March 2016}}</ref><ref name="NYT-20151010">{{cite news |last1=Confessore |first1=Nicholas |last2=Cohen |first2=Sarah |last3=Yourish |first3=Karen |title=The Families Funding the 2016 Presidential Election |url=https://www.nytimes.com/interactive/2015/10/11/us/politics/2016-presidential-election-super-pac-donors.html |date=10 October 2015 |work=] |access-date=10 March 2016}}</ref> as exemplified by the list of top (political party) donors.<ref name="NYT-20151010-el">{{cite news |last1=Lichtblau |first1=Eric |last2=Confessore |first2=Nicholas |title=From Fracking to Finance, a Torrent of Campaign Cash – Top Donors List |url=https://www.nytimes.com/2015/10/11/us/politics/wealthy-families-presidential-candidates.html#donors-list |date=10 October 2015 |work=] |access-date=11 March 2016}}</ref><ref name="CS-20141226">{{cite news |last=McCutcheon |first=Chuck |title=Why the 'donor class' matters, especially in the GOP presidential scrum |url=http://www.csmonitor.com/USA/Politics/Politics-Voices/2014/1226/Why-the-donor-class-matters-especially-in-the-GOP-presidential-scrum |date=26 December 2014 |work="] |access-date=10 March 2016}}</ref><ref>] (2014). ''].'' ]. {{ISBN|067443000X}} p. 514</ref>

Economist ] argued that the rise of an American financial oligarchy became particularly prominent following the 2008 financial crisis.<ref name="TA Johnson 2009-05">{{cite journal |title=The Quiet Coup |journal=The Atlantic |date=May 2009 |first=Simon |last=Johnson |author-link=Simon Johnson (economist) |url=https://www.theatlantic.com/magazine/archive/2009/05/the-quiet-coup/307364/?single_page=true |access-date=17 August 2012}}</ref> This financial elite has been described as wielding significant power over both the economy and political decisions.
Former President ] in 2015 characterized the United States as an "oligarchy with unlimited political bribery" following the 2010 '']'' Supreme Court decision, which removed limits on donations to political campaigns.<ref>{{Cite magazine |last=Kreps |first=Daniel |date=2015-07-31 |title=Jimmy Carter: America Is Now an 'Oligarchy' |url=https://www.rollingstone.com/politics/politics-news/jimmy-carter-u-s-is-an-oligarchy-with-unlimited-political-bribery-63262/ |access-date=2024-07-14 |magazine=Rolling Stone |language=en-US}}</ref>

In 2014, a study by political scientists ] of ] and ] of ] argued that the United States' political system does not primarily reflect the preferences of its average citizens. Their analysis of policy outcomes between 1981 and 2002 suggested that wealthy individuals and business groups held substantial influence over political decisions, often sidelining the majority of Americans.<ref>{{cite journal |title=Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens |last1=Gilens |first1=Martin |last2=Page |first2=Benjamin I. |journal=] |date=2014 |volume=12 |issue=3 |pages=564–581 |doi=10.1017/S1537592714001595 |doi-access=free}}</ref> While the United States maintains democratic features such as regular elections, freedom of speech, and widespread suffrage, the study noted that policy decisions are disproportionately influenced by economic elites.<ref>Prokop, A. (18 April 2014) ''Vox''</ref>

However, the study received criticism from other scholars, who argued that the influence of average citizens should not be discounted and that the conclusions about oligarchic tendencies were overstated.<ref>{{Cite journal |title=Testing Inferences about American Politics: A Review of the "Oligarchy" Result |journal=Research & Politics |date=1 October 2015 |issn=2053-1680 |pages=2053168015608896 |volume=2 |issue=4 |doi=10.1177/2053168015608896 |language=en |first=Omar S. |last=Bashir |doi-access=free}}</ref> Gilens and Page defended their research, reiterating that while they do not label the United States an outright oligarchy, they found substantial evidence of economic elites dominating certain areas of policy-making.<ref>{{Cite news |last1=Gilens |first1=Martin |last2=Page |first2=Benjamin I. |date=2021-12-07 |title=Critics argued with our analysis of U.S. political inequality. Here are 5 ways they're wrong. |url=https://www.washingtonpost.com/news/monkey-cage/wp/2016/05/23/critics-challenge-our-portrait-of-americas-political-inequality-heres-5-ways-they-are-wrong/ |access-date=2024-07-14 |newspaper=Washington Post |language=en-US |issn=0190-8286}}</ref>

== See also ==
{{Portal|Politics}}
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* ]
* ]
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* ]
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* ]
* ]
* ]
* ]
* ]
* ]
* ]
* ]
* ]
* ]
* ]
* ]
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* ''] ''(1956 book by ])
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{{div col end}}

== References ==
{{reflist}}
{{refbegin}}
{{refend}}

== Further reading ==
* {{citation |contribution=Comparative Oligarchy: Russia, Ukraine and the United States |title=CASE Network Studies and Analyses No. 296 |first=Anders |last=Aslund |publisher=] |year=2005 |doi=10.2139/ssrn.1441910 |s2cid=153769623 |url=http://www.case-research.eu/upload/publikacja_plik/4931074_SA%20296last.pdf}}
* {{cite journal |last=Gordon |first=Daniel |title=Hiring Law Professors: Breaking the Back of an American Plutocratic Oligarchy |journal=Widener Law Journal |date=2010 |volume=19 |pages=1–29 |ssrn=1412783}}
* {{cite book |last1=Hollingsworth |first1=Mark |last2=Lansley |first2=Stewart |title=Londongrad: From Russia with Cash: The Inside Story of the Oligarchs |publisher=Fourth Estate |year=2010 |isbn=978-0007356379}}
* {{cite book |last=Hudson |first=Michael |author-link=Michael Hudson (economist) |date=2023 |title=The Collapse of Antiquity: Greece and Rome as Civilization's Oligarchic Turning Point |url= |location= |publisher=Islet |page= |isbn=978-3949546129}}
* {{cite book |title=Aristotle and Xenophon on democracy and oligarchy |editor=J. M. Moore |publisher=] |isbn=978-0520029095 |year=1986}}
* Ostwald, M. (2000), ''Oligarchia: The Development of a Constitutional Form in Ancient Greece (''Historia'' Einzelschirften; 144)''. Stuttgart: Steiner, {{ISBN|3515076808}}.
* {{cite book |last1=Ramseyer |first1=J. Mark |last2=Rosenbluth |first2=Frances McCall |author-link2=Frances McCall Rosenbluth |title=The Politics of Oligarchy: Institutional Choice in Imperial Japan |publisher=Cambridge University Press |year=1998 |isbn=978-0521636490}}
* {{cite book |last1=Tabachnick |first1=David |last2=Koivukoski |first2=Toivu |title=On Oligarchy: Ancient Lessons for Global Politics |publisher=] |year=2012 |isbn=978-1442661165}}
* {{cite book |last1=Whibley |first1=Leonard |title=Greek oligarchies, their character and organisations |publisher=G. P. Putnam's Sons |year=1896 |url=https://archive.org/details/cu31924028258204}}
* {{cite book |last1=Winters |first1=Jeffrey A. |author-link=Jeffrey A. Winters |title=Oligarchy |publisher=Cambridge University Press |year=2011 |location=Northwestern University, Illinois |isbn=978-1107005280}}

==External links==
{{Wiktionary|oligarchy}}
{{Wikiquote|Oligarchy}}
*{{Commons category-inline|Oligarchies}}

{{extreme wealth}}
{{Political philosophy}}
{{authoritarian types of rule}}
{{authority control}}

]
]
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Latest revision as of 12:33, 21 December 2024

Form of government with small ruling class Not to be confused with Oligopoly, a type of market structure which is controlled by a small number of firms.

Part of the Politics series
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Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few' and ἄρχω (árkhō) 'to rule, command') is a form of government in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics, such as nobility, fame, wealth, education, or corporate, religious, political, or military control.

Throughout history, power structures considered to be oligarchies have often been viewed as coercive, relying on public obedience or oppression to exist. Aristotle pioneered the use of the term as meaning rule by the rich, contrasting it with aristocracy, arguing that oligarchy was the perverted form of aristocracy.

Types

Minority rule

Main article: Minoritarianism

The consolidation of power by a dominant religious or ethnic minority can be considered a form of oligarchy. Examples include South Africa during apartheid, Liberia under Americo-Liberians, the Sultanate of Zanzibar, and Rhodesia. In these cases, oligarchic rule was often tied to the legacy of colonialism.

In the early 20th century, Robert Michels expanded on this idea in his Iron Law of Oligarchy He argued that even democracies, like all large organizations, tend to become oligarchic due to the necessity of dividing labor, which ultimately results in a ruling class focused on maintaining its power.

Putative oligarchies

Main article: Business oligarch

Business groups may be considered oligarchies if they meet the following criteria:

  • They are the largest private owners in the country.
  • They possess sufficient political power to influence their own interests.
  • The owners control multiple businesses, coordinating activities across sectors.

Intellectual oligarchies

George Bernard Shaw coined the concept of an intellectual oligarchy in his play Major Barbara (1907). In the play, Shaw criticizes the control of society by intellectual elites and expresses a desire for the empowerment of the common people:

I now want to give the common man weapons against the intellectual man. I love the common people. I want to arm them against the lawyer, the doctor, the priest, the literary man, the professor, the artist, and the politician, who, once in authority, is the most dangerous, disastrous, and tyrannical of all the fools, rascals, and impostors. I want a democratic power strong enough to force the intellectual oligarchy to use its genius for the general good or else perish.

Countries perceived as oligarchies

Jeffrey A. Winters and Benjamin I. Page have described Colombia, Indonesia, Russia, Singapore and the United States as oligarchies.

The Philippines

Main article: Monopolies in the Philippines (1965–1986)

During the presidency of Ferdinand Marcos from 1965 to 1986, several monopolies arose in the Philippines, primarily linked to the Marcos family and their close associates. Analysts have described this period, and even subsequent decades, as an era of oligarchy in the Philippines.

President Rodrigo Duterte, elected in 2016, promised to dismantle the oligarchy during his presidency. However, corporate oligarchy persisted throughout his tenure. While Duterte criticized prominent tycoons such as the Ayalas and Manny Pangilinan, corporate figures allied with Duterte, including Dennis Uy of Udenna Corporation, benefitted during his administration.

Russian Federation

Main article: Russian oligarchs

Since the dissolution of the Soviet Union in 1991 and the subsequent privatization of state-owned assets, a class of Russian oligarchs emerged. These oligarchs gained control of significant portions of the economy, especially in the energy, metals, and natural resources sectors. Many of these individuals maintained close ties with government officials, particularly the president, leading some to characterize modern Russia as an oligarchy intertwined with the state.

Iran

Main articles: Khomeinism and Velayat-e-faqih

The Islamic Republic of Iran, established after the 1979 Iranian Revolution, is sometimes described as a clerical oligarchy. Its ruling system, known as Velayat-e-Faqih (Governance of the Jurist), places power in the hands of a small group of high-ranking Shia clerics, led by the Supreme Leader. This group holds significant influence over the country's legislative, military, and economic affairs, and critics argue that this system concentrates power in a religious elite, marginalizing other voices within society.

Ukraine

Main article: Ukrainian oligarchs

Since Ukraine's independence in 1991, a powerful class of business elites, known as Ukrainian oligarchs, has played a significant role in the country's politics and economy. These oligarchs gained control of state assets during the rapid privatization that followed the collapse of the Soviet Union. By 2021, Ukraine passed a law aimed at curbing oligarchic influence on politics and the economy.

United States

Further information: Income inequality in the United States § Democracy and society, and Politics of the United States § Oligarchy
The Bosses of the Senate, corporate interests as giant money bags looming over senators

Several commentators and scholars have suggested that the United States demonstrates characteristics of an oligarchy, particularly in relation to the concentration of wealth and political influence among a small elite, as exemplified by the list of top (political party) donors.

Economist Simon Johnson argued that the rise of an American financial oligarchy became particularly prominent following the 2008 financial crisis. This financial elite has been described as wielding significant power over both the economy and political decisions. Former President Jimmy Carter in 2015 characterized the United States as an "oligarchy with unlimited political bribery" following the 2010 Citizens United v. FEC Supreme Court decision, which removed limits on donations to political campaigns.

In 2014, a study by political scientists Martin Gilens of Princeton University and Benjamin Page of Northwestern University argued that the United States' political system does not primarily reflect the preferences of its average citizens. Their analysis of policy outcomes between 1981 and 2002 suggested that wealthy individuals and business groups held substantial influence over political decisions, often sidelining the majority of Americans. While the United States maintains democratic features such as regular elections, freedom of speech, and widespread suffrage, the study noted that policy decisions are disproportionately influenced by economic elites.

However, the study received criticism from other scholars, who argued that the influence of average citizens should not be discounted and that the conclusions about oligarchic tendencies were overstated. Gilens and Page defended their research, reiterating that while they do not label the United States an outright oligarchy, they found substantial evidence of economic elites dominating certain areas of policy-making.

See also

References

  1. "ὀλίγος", Henry George Liddell, Robert Scott, A Greek–English Lexicon, on Perseus Digital Library
  2. "ἄρχω", Liddell/Scott.
  3. "ὀλιγαρχία". Liddell/Scott.
  4. Winters (2011) pp. 26–28. "Aristotle writes that 'oligarchy is when men of property have the government in their hands... wherever men rule by reason of their wealth, whether they be few or many, that is an oligarchy, and where the poor rule, that is a democracy'."
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