What Is Oligarchy?
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Joe Leote
Jan 22, 2025, 12:05:36 PMJan 22
to Money Group
Money & Macro discussion of oligarchy:
In an autocratic (sultanic) oligarchy the less powerful oligarchs fear political retribution and/or wealth confiscation from the sultan.
In a republican (rule of law) oligarchy the oligarchs fear progressive taxation legislation and/or wealth confiscation via political revolution.
Joe
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