oligarch
Noun: 1. A member of a small group of people who control a country or organization: An oligarch is one of the rulers in an oligarchy, a system of government or power structure where a small, privileged group holds power. 2. A very rich and powerful businessperson, especially one with political influence: In modern usage, particularly in post-Soviet contexts, it often refers to a wealthy individual who gained significant assets and political power after the fall of communism.
The word "oligarch" is used to describe an individual who is part of a ruling elite. It often carries a critical or negative connotation, implying that power or wealth is concentrated unfairly in the hands of a few. - It is typically used as a countable noun. - It can be used in both historical/political science contexts and in contemporary discussions of economics and power.
- Historical/Political Context:
- The ancient city-state was governed by a council of oligarchs.
- The rebellion aimed to overthrow the oligarchs who had controlled the nation for decades.
- Modern/Contemporary Context:
- The Russian oligarch purchased a famous football club.
- Critics argue that the country's economy is dominated by a handful of billionaire oligarchs.
- "Oligarchic" (Adjective): Describing something related to or characteristic of an oligarchy or oligarchs.
- The regime's oligarchic structure prevented true democratic reforms.
- "Oligarchical" (Adjective): A less common variant with the same meaning as "oligarchic."
- The oligarchical control of the media was a major concern.
- Oligarchy (Noun): The system or form of government where power is held by a small group.
- The nation transitioned from a monarchy to an oligarchy.
- Oligopolist (Noun): A participant in an oligopoly (a market structure with few sellers). This is a related but distinct economic term.
- The telecom industry is controlled by a few key oligopolists.
- Magnate: A wealthy and influential person, especially in business.
- Tycoon: A wealthy, powerful person in business or industry.
- Plutocrat: A person whose power derives from their wealth.
- Potentate: A ruler or monarch, often with great power.
- Democrat: A supporter of democracy, where power is held by the people.
- Populist: A person who claims to represent the interests of ordinary people against an elite.
- "Oligarchic elite": A common phrase emphasizing the small, powerful ruling class.
- The protest was directed against the corrupt oligarchic elite.
- "Crony oligarch": Implies an oligarch whose wealth and power are based on close relationships with government officials.
- He was accused of being a crony oligarch who benefited from state contracts.
- one of the rulers in an oligarchy