PoliticsJuly 4, 2026
oligarchy
/ˈɒl.ɪ.ɡɑːr.ki/
Definition
A form of power structure in which control and influence are concentrated within a small, wealthy, and elite group of individuals.
Etymology
Derived from the Greek 'oligarkhia,' combining 'oligos' (few) and 'arkhein' (to rule). It entered English in the 16th century via Latin and French to describe a state governed by a minority.
In the news
The article uses the term to describe the powerful, wealthy elites in Latin American countries who collaborate with US imperialism to manipulate electoral processes and protect their own class interests.
The political significance of the Colombian and Peruvian elections
Read the full article ↗World Socialist Web Site