What is the meaning of word oligarch?
Definition of oligarch : a member or supporter of an oligarchy.
What does oligarch mean in Greek?
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.
What is another word for oligarchy?
What is another word for oligarchy?
| tyranny | dictatorship |
|---|---|
| autocracy | absolutism |
| authoritarianism | tsarism |
| autarchy | totalism |
| czarism | Caesarism |
What is family oligarchy?
Oligarchy is a power structure where a small group of people, often a family, is given governmental control. This group typically has several distinguishing characteristics among them, including their wealth, political, religious, or military ties, or nobility.
What is the opposite of oligarchy?
Opposite of a government in which a single ruler (a tyrant) has absolute power. democracy. liberality. ease.
How did oligarchs make their money?
During the 1990s, once Boris Yeltsin became President of Russia in July 1991, the oligarchs emerged as well-connected entrepreneurs who started from nearly nothing and became rich through participation in the market via connections to the corrupt, but elected, government of Russia during the state’s transition to a …
Who uses oligarchy?
Several nations still use oligarchy in their governments, including:
- Russia.
- China.
- Saudi Arabia.
- Iran.
- Turkey.
- South Africa.
- North Korea.
- Venezuela.
Who invented oligarchy?
Robert Michels
One of the most famous modern uses of the term oligarchy occurs in “iron law of oligarchy,” a concept devised by the German sociologist Robert Michels to refer to the allegedly inevitable tendency of political parties and trade unions to become bureaucratized, centralized, and conservative.