Who really runs the world—the people, or a handful of elites pulling the strings?
Different power structures have ruled over societies since, well, societies became a thing. And lately, you might’ve noticed one word popping up more and more: oligarchy.
So what does that actually mean?
An oligarchy is when a small group of elites either directly runs the government or holds major sway over those who do. Think oil-rich Saudi princes or Silicon Valley tech bros. Their power comes from wealth, fame, connections—or their influence in politics, religion, or the military.
And there’s more than one flavor of oligarchy:
Plutocracy: rule by the rich.
Kleptocracy: rule by the thieves—when leaders loot their own country to get even richer.
During his farewell address in January, former President Joe Biden warned that the US could soon become an oligarchy “of extreme wealth, power, and influence.” Some experts say that’s exactly what’s been happening over the last 10 months.
Sound dramatic? Maybe. But take a look around—do you think the few are calling the shots, or do the people still hold the power?