Richie come on...I'm pretty sure I understand the word much better than you just by your empty response.Oligarchy has nothing to do with Obama or Reagan If you can't see that that's your problem and it's you that is failing.
OLIGARCHY-a form of power structure in which power effectively rests with a small number of people usually for corrupt and selfish reasons. Today in America we have a society in which money is incresingly concentrated in the hands of a few people and some large corporations. How anyone can seriously deny that our political system is being warped by the influence of big money is beyond me. And before you get into the class warfare stuff yes I do believe that there is class warfare and it is being waged by these super rich against me and the rest of the middle class.