Plutocratic Oligarchy in Ethiopia: Causes and Consequences 😀 - News Summed Up

Plutocratic Oligarchy in Ethiopia: Causes and Consequences 😀


Under Prime Minister Abiy Ahmed Ali’s Prosperity Gospel, the socioeconomic reality on the ground is bleaker today than it was when Abiy took power. More than five million Ethiopians are internally dispalced, one of the largest in the world. A repeat of the 1984 Great Famine is on the horizon, with drought induced starvation in the Amhara region affecting one million lives. Abiy’s system is a blend of plutocracy, that is, a society ruled by a few people of ill-gained wealth and political power ; and oligarcy, that is, a power structure in which power resides in a self-selected few ethnic elites. The Prosperity Gospel in Ethiopia enriches the few and traps the majority of the population into a cycle of poverty and destitution.


Source: Ethiopian News November 02, 2023 05:06 UTC



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