Oligarchy Countries 2025

Country↑	Considered Oligarchy	Additional Details
Bahrain	Sometimes	Despite a constitutional government in Bahrain, the ruling family's influence remains dominant, affecting political stability—and leading some analysts to describe it as an oligarchy.
China	Always	China describes itself as a communist “people’s republic,” but leadership of the country has been maintained by a select few for several decades.
Cuba	Rarely	In Cuba, there is a "modernizing oligarchy"—a political system dominated by bureaucratic and/or military officer groups, where democratic constitutions are set aside in favor of prioritizing efficiency and rationality as part of the modernization process.
Iran	Usually	The politics of Iran have been often characterized as oligarchic. It has been called a theocracy and a clerical oligarchy. Clerics (religious leaders) in Iran have significant political power, supervising the activities of the parliament and controlling the armed forces, state media, sectors of the national economy, and religious funds.
Kuwait	Sometimes	In Kuwait, the Al Sabah family's significant power, along with protective laws, has strengthened a small group of merchants, creating a close connection between the country's governance and its businesses, giving the country oligarchic features.
North Korea	Sometimes	North Korea operates as a highly secretive and isolated nation, making it challenging to understand its internal dynamics. However, it is widely believed that a small group of elites, loyal to the Kim family, controls the country, while the majority of North Koreans face poverty, and the nation grapples with issues such as food shortages and human rights abuses.
Philippines	Usually	During the presidency of Ferdinand Marcos, many monopolies appeared in the Philippines, giving the country oligarchic elements. Although Marcos spoke about deconstructing oligarchy, many of his close allies benefited during his presidency, leading several analysts to still describe the country as an oligarchy.
Russia	Always	The collapse of the Soviet Union in 1991 and subsequent privatization led to the rise of Russian oligarchs, often connected to top government officials.
Saudi Arabia	Sometimes	Saudi Arabia is a monarchy, but its political arrangement has elements of an oligarchy. Alongside with House of Al Saud, tribal sheiks and wealthy families also have outsized influence on major issues.
South Africa	Rarely	Some argue that the Gupta family's involvment in politics is a sign of new oligarchic system in South Africa. There are several cases where those who belong to the upper class (some of Gupta's allies for example) broke the law with no consequences. Furthermore, many government contracts are given to private companies, enabling individuals to accumulate billions of dollars and in-turn use that money during political campaigns to install and control politicians of their choosing.
Turkey	Sometimes	Turkey might not fit the usual definition of an oligarchy, but because the Koc and Sabanci families hold considerable influence over political choices, some argue it resembles one.
Ukraine	Usually	Following the 1991 Ukrainian independence referendum and the shift to a market economy, business oligarchs gained significant political influence. However, the current war with Russia is weakening the oligarchs' economic influence, particularly as their key assets in the southeast, such as mines, ports, and agricultural land, are engulfed in intense conflict.
United Arab Emirates	Sometimes	Despite the considerable influence held by ruling families in the seven emirates of the UAE, the country's political structure is arguably better characterized as a federal absolute monarchy, given the absence of typical features associated with rule by a small, privileged group based on wealth.
United States	Sometimes	Data often suggests that despite the US being idealogically democratic, its policies are generally determined by a small number of people—the political and economic elite, who use their wealth to fund PACs, finance the campaigns of candidates they favor (and over whom they then have undue influence), woo judges with undisclosed gifts and other benefits, and otherwise exert control over the government. This, many analysts argue, makes the US an oligarchy.
Venezuela	Sometimes	Venezuela is rarely classified as a true oligarchy, but the new ruling class created by the Venezuelan government, (the Bolibourgeoisie or Bolichicos) an the considerable influence they wield over the goverment is clearly on the oligarchy spectrum. Moreover, their dominance is maintained through many non-democratic means, such as the overthrowing of democratic norms and control of the media.
Zimbabwe	Sometimes	According to some analysts, Zimbabwe is an oligarchy ruled by a small, but influential network of political, military, and business elites. That said, the degree to which the nation is oligarchic is debated.

An oligarchy is a governmental system in which the government is controlled by a small group of people, or oligarchs. The term “oligarch” comes from an ancient Greek word, “oligarkhia”, which means “the rule of the few.” Oligarchs typically gain control through financial means, such as donating heavily to politicians who, in turn, rule in ways dictated by the oligarchs. However, oligarchs may also gain influence through their social status/nobility; fame; education; or political, religious, or military connections. Oligarchies in which a family rules often result in power being passed down from generation to generation. Several modern countries could be described as oligarchies, including Russia, China, and arguably even the United States.

Types of Oligarchy

Oligarchy is actually an umbrella term that encompasses at least 13 specific variations of “rule of the few.” For example, an aristocracy is an oligarchy in which the ruling class is made up of aristocrats or nobles. A plutocracy is an oligarchy in which the ruling class is made up of extremely wealthy individuals who use their money to influence policy, typically with the goal of making even more money.

Are Oligarchies Good, Evil, or Neutral?

In theory, oligarchies are neither good nor evil. For example, an oligarchy in which the ruling people always made the same decisions that the population at large would make would be governing in parallel to the will of the people. Most people would consider that a “good” oligarchy. However, many theorists, from Aristotle to influential Italian sociologist Robert Michels have observed that in the overwhelming majority of cases in which a few people are given power over a larger group, those few will eventually choose to establish policies that benefit themselves at the expense of the people as a whole. In other words, an oligarchy only becomes “evil” if and when the oligarchs act to remove the checks and balances on their own power, violate (or ignore) the rule of law, and put their own self interests ahead of those of the country’s people—but they have a historic tendency to do so.

The Impact of an Oligarchy Government on its People

When oligarchy governments become more self-serving, they typically become more authoritative and take on controlling, sometimes even oppressive or exploitative governmental policies. Income inequality tends to increase as wealth is funneled towards rulers instead of those in the working class. The middle class shrinks as the rich get richer and the poor grow poorer. Additionally, a soured oligarchy tends to inhibit economic growth and creative agility due to a ruling class focused on maintaining the status quo, typically at the expense of actions that would benefit the middle and lower classes. Lastly, an oligarchy can result in puppet leaders—weak politicians who present as strong leaders, but are in fact mere figureheads controlled by the oligarchs who funded their election campaigns.

List of Countries that are Oligarchies

Because “oligarchy” is a slightly amorphous, subjective term, there is no definitive list of which countries are and are not oligarchies. However, a strong case could be made for each of the following countries: China, Iran, Saudi Arabia, North Korea, Russia, Turkey, Ukraine, United States (debated), Venezuela, and Zimbabwe. Note that oligarchy is not necessarily an exclusive term. For example, while North Korea’s one-party system qualifies it as an oligarchy, it could also be classified as a hereditary Stalinist dictatorship and even an absolute monarchy.

Oligarchy in Russia

One of the most well-known oligarchies is Russia, which historians say has been ruled by one authoritative oligarchy or another since at least the 1400s. The dissolution of the Soviet Union from roughly 1988-1991 was a particular flashpoint for oligarchy, because it enabled a small group of wealthy individuals (mostly bankers) to gain controlling interest of many of the country’s most valuable resources and utilities (such as oil fields). This resulted in a situation in which politicians ruled the country, but the oligarchs ruled the politicians. For example, a small group of wealthy oligarchs financed Russian President Boris Yeltsin’s reelection in 1996, and were then able to wield tremendous influence over Yeltsin, as well as benefiting financially from insider knowledge about the government’s economic policies and actions.

While Russia’s current government publicly distanced itself from many of the old oligarchs, it is notoriously self-serving and corrupt, and is widely considered to have just replaced one set of oligarchs with another. For example, Russian President Vladimir Putin in 2020 spearheaded a constitutional amendment that, among other things, reset his term limit so he could conceivably remain president until 2036 rather than stepping down when his term expired in 2024 (despite the fact that he had already been president from 2000-2008 and 2012-present). This is exactly the kind of power-consolidating move oligarchy governments make.

Moreover, critics point out that while Russia holds elections, the ruling oligarchs control every aspect of those elections: It dictates media coverage and political advertising leading up to the event, disposes of certain opposition candidates (by often shady means), counts the actual votes, and so on. This arrangement raises significant questions about the integrity of Russia’s elections. As a result of scenarios such as these, Russia scored only 5 points out of a possible 40 in a 2021 assessment of the Russian citizens’ political rights by Freedom House (and only 15/60 in civil liberties) and is classified as a clear oligarchy. In 2018, the U.S. Treasury released a list of Russian oligarchs, naming 96 total, in addition to 114 political figures, as part of the fallout from Russian attempts to interfere with the 2016 presidential election. However, it was quickly revealed that the list had simply copied a Forbes magazine list of billionaires and singled out those with Russian citizenship or heritage.

Oligarchy in the United States

Opinions differ upon whether the United States can be considered an oligarchy. Americans enjoy many features of a democratic government, such as elections and freedom of speech. However, there exists substantial evidence that powerful corporations and affluent individuals have a significantly larger influence on policymaking than ordinary citizens. For example, corporations and even private individuals are legally allowed to donate massive amounts of money to politicians’ political campaigns, enabling their chosen candidates—typically those who put corporate interests ahead of those of non-wealthy people or the environment—to fund many more advertisements, assistants, and other resources (even disinformation campaigns) than their opponents. Corporations and individuals can also hire lobbyists to influence politicians already in office. In light of this scenario, many economists and researchers maintain that while the United States is a democracy in theory, it is an oligarchy in actual practice—or is at least heading in the direction of one.