Oligarchy: Government by the few. (Merriam-Webster)

Claims from the left that certain people, usually very rich ones, are “oligarchs” of the USA are common. The Mother Jones website boasts at the top of every article that it’s “a source that’s not owned and controlled by oligarchs.” If the USA has oligarchs, it must be an oligarchy. That’s an odd claim, since most people think the country is a democracy. Perhaps a dysfunctional one, but still a government run by elected officials.

It’s true that Congress has grown more passive than ever, but if the US has ceased to be a democracy, what it has become is an autocracy under Donald Trump. Like Sauron, he doesn’t share power. Perhaps if you count the most powerful Cabinet members, such as Hegseth and Noem, and advisors like Miller, it’s an oligarchy. But that’s not what the oligarchy theorists are talking about. Their claims are a new version of the “secret masters” conspiracy theories, claiming people like Elon Musk and Jeff Bezos are the real puppet masters. In older versions, it was the Rothschilds or the Jewish Bankers. Some on the American right consider George Soros the leading Jewish oligarch. The new left-wing version differs mainly in its lack of overt antisemitism (though even that has started to change in the last couple of years).

There’s a long history of claims that a small number of people without official power run countries or even the whole world. The “iron law of oligarchy” claims that all governments eventually devolve into oligarchies. The people nominally in charge take orders from them because of financial pressure or blackmail. In this scenario, the president is merely a front man. This raises an obvious question: Why would they pick Donald Trump as their puppet? You’d think they’d pick someone who’s more competent, predictable, and superficially respectable.

Conspiracy theories aren’t grounded in evidence or plausibility. They rest on emotional satisfaction. If a cabal of the rich is running America, they’re a target to blame everything on. They’re incredibly rich, so they’re not like “us.” Nobody voted for them, so the voters are absolved of guilt.

But the bitter truth is that officials elected by Americans, not puppeteers behind the scenes, are responsible for what has happened to America.