oligarchy

1. A form of power structure in which power resides in the hands of a small number of people.

   synonyms:plutocracyelite rule

The term 'oligarchy' comes from the Greek words 'oligos', meaning 'few', and 'arkhein', meaning 'to rule'. It has been used since the 16th century to describe systems of governance where a small group holds power.

Typically used in political science and discussions regarding governance, but can also be found in social contexts when discussing groups that exert control.

While not an everyday term for most people, it is commonly used in political discussions, educational settings, and media.

The country was ruled by an oligarchy, where decisions were made by a handful of wealthy individuals.

In discussions of democracy, the risk of devolving into an oligarchy is often highlighted as a significant concern.

Many believe that the influence of corporate donations in politics has led to an oligarchy rather than true democratic representation.

Oligarchy is a fascinating term that describes a governance system where a select few hold all the power. Its roots in ancient Greek give it a timeless quality, reminding us that the struggle for equality and representation is not new. While it may sound like a term reserved for political science classes, it often pops up in conversations about wealth and influence in modern society. Understanding oligarchy helps unveil the complexities of power dynamics and the importance of inclusive governance.