Yes, but what I wanted to emphasize is that oligarchy represents a step backward for civilization, a throwback to the dark ages of human history: it is a return to a form of government in which a small elite holds all the power, much like the nobility once dominated political life and hindered human progress for centuries.

For this reason, I thought it more appropriate to speak of a new monarchy—which, in essence, is also rule by the few, even if its most extreme form is the absolute rule of a single individual.