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socialogarchy 

a new kind of government between an oligarchy (a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few) and socialism (a theory or system of social organization that advocates the ownership

and control of the means of production and distribution, capital, land, etc., by the community as a whole, usually through a centralized government).
The government of that country is a socialogarchy.
socialogarchy by 1to1 June 17, 2021
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socialarchy 

“Our group of friends has a socialarchy, their level of cool or whom they look up to; there is a leader of the pack.”
socialarchy by Caitaves February 11, 2020
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