Oligarchize

Pronunciation: /ˈoʊɫɪˌɡɑɹkˈaɪˈzi/

Oligarchize (verb)

  1. To change a country or organization so power is held by a small group of wealthy or influential people.
  2. To make decision-making controlled mainly by a limited number of people, rather than by the public or many members.

Examples

  • The system oligarchizes, so a few people rule the country.
  • When leaders oligarchize, power stays with a small group.