| Revision as of 05:38, 30 December 2024 editDol661 (talk | contribs)10 edits →top: reverted removal. Musk is unambiguously an oligarch, even meeting the conditions set by this article.Tags: Reverted Mobile edit Mobile app edit Android app edit App full source← Previous edit | Latest revision as of 10:43, 9 January 2025 edit undo91.236.210.235 (talk) →See also | ||
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| More generally, an oligarch ({{Etymology|grc|''ὀλίγος'' (oligos)|few||''ἄρχειν'' (archein)|rule}}) is a "member of an ]; a person who is part of a small group holding power in a state".<ref>{{cite OED | oligarch}}</ref> | More generally, an oligarch ({{Etymology|grc|''ὀλίγος'' (oligos)|few||''ἄρχειν'' (archein)|rule}}) is a "member of an ]; a person who is part of a small group holding power in a state".<ref>{{cite OED | oligarch}}</ref> | ||
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Latest revision as of 10:43, 9 January 2025
Rich industrialists / capitalists of great political influenceA business oligarch is generally a business magnate who controls sufficient resources to influence national politics. A business leader can be considered an oligarch if some of the following conditions are satisfied:
- uses monopolistic tactics to dominate an industry;
- possesses sufficient political power to promote their own interests, often exacerbating income inequality and corruption, particularly through policies that benefit the elite at the expense of the majority.
- controls multiple businesses, which intensively coordinate their activities.
More generally, an oligarch (from Ancient Greek ὀλίγος (oligos) 'few' and ἄρχειν (archein) 'rule') is a "member of an oligarchy; a person who is part of a small group holding power in a state".
See also
- Gilded Age
- Russian oligarchs
- Ukrainian oligarchs
- Oligarchy
- Tai-pan
- Chaebol
- Zaibatsu
- Plutocracy
- Capitalist (disambiguation)
References
- Guriev, Sergei; Rachinsky, Andrei (2005). "The role of oligarchs in Russian capitalism". Journal of Economic Perspectives. 19 (1): 131–150. doi:10.1257/0895330053147994.
- ^ Chernenko, Demid (2018). "Capital structure and oligarch ownership" (PDF). Economic Change and Restructuring. 52 (4): 383–411. doi:10.1007/S10644-018-9226-9. S2CID 56232563.
- "oligarch". Oxford English Dictionary (Online ed.). Oxford University Press. (Subscription or participating institution membership required.)
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