Oligarchy is an authoritarian statist social system in which power rests with a small number of people. They may be distinguished by nobility, family, wealth or education, or by corporate, military, or other background. The most familiar example today is Russia, which has transitioned from communism to an oligarchy where an elite with communist, corporate, and military background is ruling the country. Russia’s oligarchical social system has strong influences of nationalism, demanding the sacrifice of individual citizens to restore “the greatness of Mother Russia.” (As of writing this in March 2022 it appears Russia has taken a decisive totalitarian turn from oligarchy to fascism).
Think Right or Wrong, Not Left or Right 