The Rise of Modern Oligarchies: What Concentrated Power Means for Global Politics

In this commentary, BIPSS Research Assistant Jannatul Toba Jhumu explores the rise of modern oligarchies, highlighting how extreme private wealth is increasingly intertwined with political power across the globe. She argues that concentrated economic influence is reshaping governance, information flows, and global decision-making. Toba stresses that while some regulatory and civil society responses are emerging, the future balance of power will depend on whether democratic institutions can effectively check oligarchic sway and restore accountability.