An oligarchy is a government run by a small number of people. If a country is an oligarchy, it’s not a democracy. It might have the appearance of democracy, with elections for show, but the ruling insiders call all the shots. Some countries fit this description. Most would say that the United States doesn’t, and until recently claiming it is would have fallen under crazy conspiracy theories.

It’s getting more popular, though, to claim the USA is an oligarchy. An article in The Nation, not usually considered a fringe publication, is titled “It’s Official: America Is an Oligarchy.” Its “evidence” is that some people are very rich. Today I saw a post by Robert Reich casually taking it for granted that we’re living in an oligarchy, and a search turned up an article by him titled “How America’s oligarchy has paved the road to fascism (Why American capitalism is so rotten, Part 7)”. He makes it clear he understands what the word means, and he claims that the current American oligarchy emerged around 1980.
(more…)