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Despotism is a form of government by a single authority, either an individual or tightly knit group, which rules with absolute political power. In its classical form, a despotism is a state where a single individual, the Despot, wields all the power and authority embodying the state and everyone else is a subsidiary person.
Oligarchy (Greek Ὀλιγαρχία, Oligarkhía) is a form of government where political power effectively rests with a small elite segment of society distinguished by royalty, wealth, family, military powers or occult spiritual hegemony. The word oligarchy is from the Greek words for "few" (ὀλίγον olígon) and "rule" (ἄρχω arkho). Such states are often controlled by politically powerful families whose children were heavily conditioned and mentored to be heirs of the power of the oligarchy. This type of power by its very nature may not be exercised openly; the oligarchs preferring to remain "the power behind the throne", exerting control through economic means.
Plutocracy is rule by the wealthy, or power provided by wealth. In a plutocracy, the degree of economic inequality is high while the level of social mobility is low. This can apply to a multitude of government systems, as the key elements of plutocracy transcend and often occur concurrently with the features of those systems.
Crony capitalism in practice
In its lightest form, crony capitalism consists of collusion among market players. While perhaps lightly competing against each other, they will present a unified front to the government in requesting subsidies or aid (sometimed called a trade association or industry trade group). Newcomers to a market may find it difficult to find loans or acquire shelf space to sell their product; in technological fields, they may be accused of infringing on patents that the established competitors never invoke against each other. Distribution networks will refuse to aid the entrant. That said, there will still be competitors who "crack" the system when the legal barriers are light, especially where the old guard has become inefficient and is failing to meet the needs of the market. Of course, some of these upstarts may then join with the established networks to help deter any other new competitors
Ochlocracy (Greek: οχλοκρατία or okhlokratía; Latin: ochlocratia) is government by mob or a mass of people, or the intimidation of constitutional authorities. In English, the word mobocracy is sometimes used as a synonym. As a pejorative for majoritarianism, it's akin to the Latin phrase mobile vulgus meaning "the easily moveable crowd," from which the term "mob" originally derives.
As a term in civics it implies that there is no formal authority whatsoever, not even a commonly-accepted view of anarchism, and so disputes are raised, contended and closed by brute force − might makes right, but only in a very local and temporary way, as another mob or another mood might just as easily sway a decision. It is often associated with demagoguery and the rule of passion over reason.
Originally posted by schrodingers dog
reply to post by HERACAT
But all three definitions could apply.