What is an Oligarchy?

In this episode of "The Leftish Agenda", Eddie takes listeners on an in-depth exploration of the concept of an oligarchy. He starts by distinguishing between different types of oligarchies, namely, economic, political, and military. He explains how each operates and the circumstances under which they thrive. He then elaborates on the key characteristics of oligarchies, which include minimal political participation, lack of accountability, and social stratification. Historical examples from Ancient Greece, post-soviet Russia, and apartheid South Africa are discussed to better illustrate these oligarchic structures. Eddie also compares oligarchies to other forms of government like democracies, autocracies, and plutocracies, emphasizing that even in a democratic system, there is a risk of turning into an oligarchy. The episode concludes by considering the implications of living under an oligarchic rule, emphasizing the importance of vigilance and understanding of political systems to prevent the misuse of power.