Originally Posted by
rickair7777
I would argue that the accepted (and published if you go look) definition of Oligarchy is rule by the few, without many constraints by the people. A republic is not an oligarchy. Some people like to complain that the US is an oligarchy because of the freedoms enjoyed by our financial class but I don't think that's really the case because if we the people get sufficiently annoyed we can easily regulate the hell out of the money-men (might even see that in 2021, the way things are trending). Apathetic is not the same as powerless. Lazy and content is also not the same as powerless.
Here is the definition I found for oligarchy:
=12pt1.=12pt Government by a small group of people; a form of government in which the exercise of power is restricted to a few people or families (in later use, frequently a wealthy elite); an instance of this form of government.
That would describe most of our current “democracies”.