Oligarchy

http://4.bp.blogspot.com/-spugRexNPS0/T0M_uIZfqBI/AAAAAAAALXI/os0ucYbGU9c/s1600/oligarchy.jpg

Definition:

-a government in which there is a small group of people that hold power


Pros:
*decisions are made quickly
*they share the leadership and they avoid the ruling of one
Cons:
*they don't have short-term offices which means they have often have no reason to find solutions to problems
*they tend to pass laws for their own interest

Two Quotes About Oligarchy

  • "much-maligned practice." -Andrea Stewart-Cousins (Senate Democratic Leader)
  • "Where some people are very wealthy and others have nothing, the result will be either extreme democracy or absolute oligarchy, or despotism will come from either of those excesses." - Aristotle  

http://takingnote.blogs.nytimes.com/2015/03/26/new...

Countries That Use Oligarchy:

  • Russia
  • Saudi Arabia

http://useconomy.about.com/od/US-Economy-Theory/fl...

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