Oligarchy
Lexus Drumgold, Ben Feinstein, Dan Sitnik, Alanna Batista Hunter Sussman
General Definition
A small group of people who have control over a country, organization, or institution. Such people are recognized by their royalty, wealth, education, corporate, religious, and/or military control. Power can also be generational, but it is not a requirement to rule.
Throughout history, oligarchies have been known to be negative, and therefore some people are resentful of this type of government.
The term derives from the Greek words olígos and arkho, which mean “few” and “to rule or command.”
Oligarchy can also be broken down into other forms of government:
Examples
Many cities, particularly during the Renaissance and Middle Ages, ended up being largely controlled by merchant guilds and aristocrats.
While officially practicing other forms of government, the degree to which merchants/businessmen and aristocrats influence government actions often can make a nation appear oligarchic.
Oligarchy and other forms of government can often overlap and reach a grey area.
Drawbacks
Benefits
Since an oligarchy government is controlled by few people, decisions are made quicker and more efficiently than compared to a democratic government.
Although the decision can be made quickly, unlike a government where one person is in charge, there are still debates and different opinions and perspectives over a decision between the few in power.
Oligarchy also allows for common people to focus on their lives and not worry about political problems, as that would be the responsibility of the few in power.
Power comes from the wealthy ruling class, so there is potential for women to be in a position of power.
References
Carr, Karen. "What Is Oligarchy?" - Definition. N.p., n.d. Web. 17 Sept. 2015.
Gabriel, Brian. "The Advantages & Disadvantages of an Oligarchy." EHow. Demand Media, n.d. Web. 17 Sept. 2015.
"Oligarchy Countries." Oligarchy Countries. SoftUvista, n.d. Web. 17 Sept. 2015.
"7 Crucial Pros and Cons of an Oligarchy | NLCATP.org." NLCATPorg. N.p., n.d. Web. 17 Sept. 2015.