Plutocracy


Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.

Plutocracy

A system of governance in which the wealthy rule simply by being wealthy. The term is derogatory and generally is not used officially. An example of a plutocracy is the City of London, in which companies based in the city are allowed to vote in addition to actual residents. The term may also refer to a situation in which money is perceived to have too great a role in the political process.
References in periodicals archive ?
Backlash against plutocracy birthed Trump's presidency.
Western societies formed at the advent of industrialization experienced an evolution from Plutocracy to a form of Aristocracy of talent.
Below the plutocracy exists an "elite" he said, "multimillionaires doing extremely well, earning from capital.
We live in a country ruled by the rich, not a true democracy But a cruel plutocracy with the poor kept firmly in their place; The middle class politically placated and the rich their greed satiated, Deliberate political social engineering by a government.
There's also a kind of suicidal character to all of this too because the plutocracy is not going to survive a fried planet, either, right?
Far from attempting to dismantle capitalism, which must be continually fostered and developed to remain robust and sustainable, those who understand the imperative to maintain the economic viability of the middle class also perceive the threat to that viability posed by the drift toward plutocracy inherent in an economic system free of responsible control.
That's why he wants to keep hidden the parasites who fund his party as the political wing of the British plutocracy.
Democracy, a harshly candid accounting of America's gradual shift toward plutocracy (rule of the wealthy).
More and more of us recognize that the transformation from a republic to a plutocracy is nearly complete.
There is a lot of talk of democracy, but in Pakistan it is plutocracy.
Exposing the extreme economic worldview that pollutes constitutional interpretation, Kuhner shows how the Court became the architect of American plutocracy.
Thus, the choice would seem either plutocracy and globalization - or populism and a halt to globalization.