Oligarchy
Overthink
Ellie Anderson, Ph.D. and David Peña-Guzmán, Ph.D.
4.7 • 549 Ratings
🗓️ 8 April 2025
⏱️ 58 minutes
🧾️ Download transcript
Summary
Is Trump’s presidential reign turning the US into an oligarchy? Or did the US fall into oligarchic rule many years ago? In episode 127 of Overthink, David and Ellie dive into what an oligarchy looks like, the dangers of a country’s power being in the hands of the wealthy few, and whether or not oligarchic rule is new for the US. They look to the ancient Greeks for ideas on which form of government is conducive to the good life and explore how Aristotle’s notion of pleonexia relates to the current state of the US. Your hosts investigate how oligarchy morphs into tyranny, and try to answer the question, “How can we resist an oligarchy?” In the bonus, Ellie and David look at the four different types of oligarchy discussed by Jeffrey Winters.
Works Discussed:
Aristotle, Politics
Gordon Arlen, “Aristotle and the problem of oligarchic harm: Insights for democracy”
Thom Hartmann, The Hidden History of American Oligarchy
Plato, Republic
Luke Winslow, Oligarchy in America
Jeffrey Winters, Oligarchy
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Transcript
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| 0:00.0 | Hello and welcome to Overthink. |
| 0:16.0 | The podcast where two philosophy professors and longtime friends connect big ideas to everyday life. |
| 0:22.6 | I am David Peña Usman. |
| 0:24.4 | And I'm Ellie Anderson. |
| 0:26.5 | We are witnessing an unprecedented overtaking of democracy by oligarchs since Trump's re-election. |
| 0:33.7 | And in fact, Bernie Sanders is currently on a nationwide tour. |
| 0:37.3 | He's going around speaking to crowds on a campaign against oligarchy. |
| 0:42.1 | He calls it the stop oligarchy tour. |
| 0:45.3 | And this is coming on the heels of important remarks that former president Joe Biden made to the American people in his farewell address to the nation on January 15th. |
| 0:55.9 | He said this is a quote from that speech. |
| 0:59.1 | Today, an oligarchy is taking shape in America of extreme wealth, power, and influence |
| 1:04.7 | that literally threatens our entire democracy, our basic rights, and freedoms. |
| 1:10.5 | Now, that claim very quickly led to a surge |
| 1:14.2 | of searches for the word oligarchy on Google, suggesting that even though the vast majority |
| 1:21.1 | of Americans voted for an oligarch, the vast majority of Americans did not even know what an |
| 1:26.6 | oligarch, let alone what oligarchy means. |
| 1:30.3 | Speaking about things that have happened recently, but not like super recently, really in the past few years, |
| 1:35.2 | there were 150 billionaire families who spent almost $2 billion in support of presidential and congressional candidates in the 2024 election cycle. |
| 1:45.7 | So 150 billionaire families put almost $2 billion into the last election cycle. |
| 1:53.4 | And the ultra-richest segments of the U.S. control a greater portion of wealth than they did even |
| 1:58.1 | during the gilded age. The top five billionaires alone today own more |
| 2:03.3 | than a trillion dollars total in wealth. Yeah, and the numbers are just staggering, right? And not only |
... |
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