Oligarchy

An Oligarchy is a governing system where the majority of power is held by a small group of individuals, families, businesses, or a mix of the three.

America, which is officially a Constitutional Republic, can be considered a Oligarchy since a select few businesses have extreme power in the law making process. Growing up in America exposed me directly to the inequality present in a system where a minority has more say in how the country is governed than the majority. A more specific example would be the 2017 vote to repeal Net Neutrality which, despite having overwhelming bipartisan support among US citizens, was passed; mainly due to lobbying from large telecommunication companies.

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Our Sociological Glossary, by LWTech Students Copyright © 2021 by Lake Washington Institute of Technology is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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