novibe@lemmy.mltoNews@lemmy.world•A lot of Americans are Googling 'what is oligarchy?' after Biden's farewell speechEnglish
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3 days agoPlutocracy = rule by the wealthy.
Oligarchy = rule by the few.
The wealthy are the few. And with increasing wealth disparity, they are comparatively even fewer than ever before.
Not really any meaningful difference.
I mean give capitalism long enough we might be left with just one guy standing. I do mean guy. An immortal white shriveled dude, alone in a utopia of bots serving him.
And I just meant this whole “ah we’re not an oligarchy! We’re a plutocracy” thing is just dumb. What is even the difference in these peoples heads? It’s practically the same thing. And it IS the same thing under capitalism. The few who rule are the wealthy.
That’s the whole point of the system… capitalISM? The owners of CAPITAL rule?