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Oligarchy comes form the Greek word for few, and is a form of power structure in which power effectively rests with an elite class distinguished by royalty, wealth, family ties, commercial, and/or military legitimacy.

Ancient Sparta was a military Oligarchy.

The rule absolute monarchs is and Oligarchy.

Democracy was the ancient Athenian invention to prevent the rise of Oligarchies.

However, it does not seem to work for commercial Oligarchies, the grip of which we are currently experiencing (multinational corporations and banks).

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13y ago

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