Plutocracy


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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 ?
Sum substance, according to Peck: Youth loses, the middle class stagnates or joins a lower class, and the underclass suffers various deprivations while the plutocracy is largely unscathed and often benefited.
On the contrary, they will lead the people to misery to benefit the plutocracy and capital," she said.
He toured the country touting Bolshevik communism, aiming to show Americans that their mix of business and politics was moving us from "a democracy to a plutocracy.
As his countrymen shivered in below-zero temperatures and in fear and trepidation of the blast of "austerity" the Con-Dems have unleashed, Gideon was clinking glasses of Cristal with the plutocracy and their Euro-trash dancing girls (and boys).
I know that my retirement will make no difference in its cardinal principles, that it will always fight for progress and reform, never tolerate injustice or corruption, always fight demagogues of all parties, never belong to any party, always oppose privileged classes and public plunderers, never lack sympathy with the poor, always remain devoted to the public welfare, never be satisfied with merely printing news, always be drastically independent, never be afraid to attack wrong, whether by predatory plutocracy or predatory poverty.
This politically moribund plutocracy will have to be replaced with a team of loyalists possessed of vigour, vision and long-term commitment to grassroots organising.
A protege of former Prime Minister Kakuei Tanaka, an infamous LDP kingpin, Ozawa's political methods epitomized the worst aspects of the LDP's old factional plutocracy.
Rampant political corruption and bad governance in Lebanon notwithstanding, this telecoms aggression fulfills the national motto of serving the plutocracy of wealth and power at the expense of average citizens and small business owners.
Strikers and protesters banged drums and chanted slogans such as "no sacrifice for plutocracy," and "real jobs, higher pay".
Viewing week at Sotheby's and its rival Christie's is one of the rare occasions when plutocracy gives way to democracy.
The Republican electoral victories in Massachusetts, Virginia and New Jersey raise an important question: Have congressional Democrats demonstrated in the health care "debate" that they too are pawns of a plutocracy whose political power grows out of the wealth it controls?
India is regressing from a democracy to a plutocracy featuring the disproportionate presence of the wealthy in our governance systems and the capture of political machines by their families.