“Some say America is an oligarchy for the multinationals,” he said.
Certainly they would be better off under a reformist government, rather than the smothering absolutism of the oligarchy.
The second wave of Russian oligarchy is different from the first in another way, too.
Instead we have witnessed the emergence of the Age of oligarchy.
The franchises of the people were all taken away and the oligarchy left supreme.
Moreover, if an oligarchy is established now, it will be a perpetual oligarchy.
The oligarchy wanted violence, and it set its agents-provocateurs to work.
But does our Government expect to make itself an oligarchy or despotism?
Out of this timocracy, or timarchy, the city will next pass into an oligarchy, or government of wealth.
Tyranny springs from democracy much as democracy springs from oligarchy.
A system of government in which power is held by a small group.