Oligarchy Meaning and Definition

Pronunciation

/ˈɒlɪɡɑːrki/ 🔊

Part of Speech

Noun

Definition

A form of power structure in which power rests with a small number of people or families, often due to their wealth, family, or social status.

Examples

• The wealthy elite formed an oligarchy that controlled the country’s economy.
• The ancient Greek city-state was ruled by an oligarchy of powerful families.

Synonyms

• Aristocracy
• Plutocracy

Antonyms

• Democracy
• Egalitarianism

Additional Information

Oligarchies have existed throughout history, often leading to social and economic inequality. In modern times, concerns about oligarchy have been raised in countries where wealth and power are concentrated in the hands of a few individuals or families. Oligarchies can also lead to a lack of representation and accountability, as those in power may prioritize their own interests over the needs of the general population.

Oligarchies can be found in various forms, including political, economic, and social oligarchies. They can be hereditary, where power is passed down through family lines, or based on wealth and social status. In some cases, oligarchies can be hidden, with those in power using their influence and wealth to maintain their position.

Etymology

The word “oligarchy” comes from the Greek words “oligos,” meaning “few,” and “arkhos,” meaning “ruler” or “power.” It was first used in the 15th century to describe a form of government in which power is held by a small group of people.

Usage Notes

The term “oligarchy” is often used to describe a system of power that is contrary to democratic principles, where power is held by a small group rather than being distributed among the people.

Cultural References

• The novel “The Iron Heel” by Jack London describes a future oligarchy in the United States.
• The movie “V for Vendetta” depicts a dystopian future where a powerful oligarchy rules Britain.

Idiomatic Expressions or Phrases

• “Rule by the few” is a common phrase used to describe an oligarchy.

Related Words or Phrases

• Aristocracy
• Plutocracy
• Autocracy

Collocations

• Power oligarchy
• Wealthy oligarchy

Frequency of Use

The word “oligarchy” is not commonly used in everyday conversation, but it is often used in academic and political discussions to describe systems of power.

Common Misspellings

• Oligarchy is often misspelled as “oligarchy” or “oligarchy.”