Eli5 could someone please explain to me what an oligarch is. Is it the individual equivalent of a cartel?

Question

Thanks

In: 4

Answer 1

Elon Musk and Koch are American oligarchs. They control vast sectors of the economy, hold massive leverage over the government, and are the true power of the system. Without the Russian oligarchs, Putin falls. Without the American Oligarchs, we retake our public sphere to be representative of the people and not just the affluent.