Definition: Oligarchism is a political system that emphasizes central banking, state control of financial institutions, and the concentration of economic power in the hands of a few individuals or corporations. It is characterized by a strong central bank, which has the ability to regulate the entire economy through monetary policy and other means. This system often leads to policies that favor large corporations over small businesses, while reducing competition and stifling innovation. Oligarchism also emphasizes the importance of a single nation-state with a powerful central
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