In 1998, Bob Herbert of The New York Times referred to modern American plutocrats as "The Donor Class" (list of top donors) and defined the class, for the first time, as "a tiny group-just one-quarter of 1 percent of the population-and it is not representative of the rest of the nation. In 2011, according to PolitiFact and others, the top 400 wealthiest Americans "have more wealth than half of all Americans combined." population by wealth in 2007 had a larger share of total income than at any time since 1928. Winters wrote that "oligarchy and democracy operate within a single system, and American politics is a daily display of their interplay." The top 1% of the U.S. Simon Johnson wrote in 2009 that "the reemergence of an American financial oligarchy is quite recent", a structure which he delineated as being the "most advanced" in the world. Some contemporary authors have characterized conditions in the United States in the 21st century as oligarchic in nature.
"The Bosses of the Senate", corporate interests as giant money bags looming over senators. Page have described Colombia, Indonesia, Russia, Singapore, and the United States as oligarchies. I want a democratic power strong enough to force the intellectual oligarchy to use its genius for the general good or else perish.” Cases perceived as oligarchies I want to arm them against the lawyer, the doctor, the priest, the literary man, the professor, the artist, and the politician, who, once in authority, is the most dangerous, disastrous, and tyrannical of all the fools, rascals, and impostors. George Bernard Shaw defined in his play Major Barbara, premiered in 1905 and first published in 1907, a new type of Oligarchy namely the intellectual oligarchy that acts against the interests of the common people: “I now want to give the common man weapons against the intellectual man. Owners control multiple businesses, which intensively coordinate their activities.It possesses sufficient political power to promote its own interests.Owners are the largest private owners in the country.Putative oligarchies Ī business group might be defined as an oligarchy if it satisfies all of the following conditions: Examples of this system include South Africa under apartheid, Liberia under Americo-Liberians, the Sultanate of Zanzibar, and Rhodesia, where the installation of oligarchic rule by the descendants of foreign settlers was primarily regarded as a legacy of various forms of colonialism. The exclusive consolidation of power by a dominant religious or ethnic minority has also been described as a form of oligarchy.
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