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oligarchy
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Babbitt
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oligarchy
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Babbitt
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  • It embodies the heavy dignity of those Victorian financiers who ruled the generation between the pioneers and the brisk "sales-engineers" and created a somber oligarchy by gaining control of banks, mills, land, railroads, mines.

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  • Many political theorists believe there is an iron law of oligarchy that all forms of organization will eventually develop tendencies to be ruled by the few.
  • This is, without discussion, the earliest-known occasion on which the Oligarchy was so designated.
    London, Jack  --  The Iron Heel

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