“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.
Tyranny springs from democracy much as democracy springs from oligarchy.
The oligarchy wanted violence, and it set its agents-provocateurs to work.
And this, speaking generally, is the way in which oligarchy is established.
Out of this timocracy, or timarchy, the city will next pass into an oligarchy, or government of wealth.
Well, I said, and how does the change from oligarchy into democracy arise?
A system of government in which power is held by a small group.