Oligarch

An oligarch is a member of a small group of people who hold significant power and influence, often in the context of politics, business, or society. Typically wealthy elites, oligarchs can exert a substantial impact on governance and decision-making, often prioritizing their interests over the public good. The term is frequently associated with countries where political power is concentrated among a few individuals or families, raising concerns about democracy and accountability.

Oligarch meaning with examples

• In the aftermath of the political upheaval, several oligarchs faced scrutiny as their financial dealings came to light, raising questions about their influence on government policies and the economy.
• The rise of oligarchs in the post-Soviet era transformed the landscape of Russian politics, as wealthy business magnates gained substantial power and often acted as intermediaries between the state and the economy.
• Critics argue that the concentration of power in the hands of a few oligarchs undermines democratic institutions, as these elites tend to prioritize their interests over those of the broader population.
• In various nations, oligarchs have been accused of corruption and using their vast resources to manipulate elections and policy decisions in their favor, evading accountability for criminal activities.
• The environmental devastation caused by the activities of certain oligarchs has sparked outrage among activists, who contend that these individuals should be held responsible for the negative impact of their actions on communities.