| 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 | Revision as of 15:45, 30 December 2024 edit undoBig Thumpus (talk | contribs)119 edits There is currently no consensus on Elon Musk's status as an "oligarch". Please contribute to the RfC on the Elon Musk talk page if you would like to be part of the discussion.Tag: Manual revertNext edit → | ||
| Line 6: | Line 6: | ||
| 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> | ||
| ] | |||
Revision as of 15:45, 30 December 2024
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
- 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.)
 | This business-related article is a stub. You can help Misplaced Pages by expanding it. |