Etymology:
Meaning:
Origin:
The word "oligarch" was first used in ancient Greece to describe a form of government in which power was concentrated in the hands of a small, wealthy elite. This elite was typically composed of aristocratic families who had accumulated wealth and political influence over generations.
Greek historians and philosophers, such as Aristotle and Plato, used the term to distinguish between oligarchy and other forms of government, such as democracy and tyranny. Oligarchy was generally considered to be a less desirable form of government than democracy, as it gave too much power to a small group of individuals and excluded the majority of citizens from participating in political decision-making.
The term "oligarch" has been used throughout history to describe small, powerful groups who control governments or major institutions. In the modern era, the term is often applied to wealthy individuals who use their economic power to influence political outcomes.
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