For Aristotle, an oligarchy is a corrupt form of government. It is when power is in the hands of a small group of elites who advance their own interests rather than the common good.
An oligarchy is a form of government in which a small group of people are in relative control. Often based on wealth, oligarchies can exist within larger political systems like a constitutional ...
President Joe Biden in his Wednesday farewell speech to the nation warned that American democracy was sliding into an "oligarchy" of tech billionaires. But what exactly is an oligarchy?