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Oligarchy means 'rule of the few' (Monarchy = rule of one, Democracy = people power)

There were broad-based oligarchies where the propertied-class ruled, even though this was not a 'few'. There were also narrow-based oligarchies where only the richest held power.

Aristotle said that the best forms of government were monarchy, aristocracy (rule by the best people) and democracy. He went on to say that these became degraded over time monarchy -> tyranny (rule by a tyrant), aristocracy -> oligarchy, and democracy -> ochlocracy (mob rule).

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Hunter Quitzon

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