"benevolent oligarchy" is oxymoronic
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Oligarchy cannot be benevolent, because the more authority there is the more class there is, and the more class there is the more the interests of the people at large and the people in power are divided.
Oxymoron: A rhetorical figure in which incongruous or contradictory terms are combined, as in a deafening silence and a mournful optimist.
Benevolent definition, characterized by or expressing goodwill or kindly feelings
Oligarchy is a form of power structure in which power rests with a small number of people.
There is nothing inherently oxymoronic about these terms. Your hypothesis that the more authority there is the more "class" there is is as of yet unsupported. Even if what you say is true, why can one class not be benevolent towards the other?