Plutocracy

(redirected from plutocratic)
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 ?
In any case, the best way to reduce plutocratic risk is to reduce the reach of government; the more the state determines success in business, or in life, the more resources people will devote to influencing government policies.
In life Cholo deals in blackmarket goods, looted from long abandoned shops, for Kaufman, who has financial control over the zombie-besieged society which has become polarised through the latter's plutocratic rule (the rich white class live in a shopping mall/apartment complex which attempts to hermetically seal in 'normal' life, while everyone else occupies slums located outside it).
Globalization was seen at this time - as in the vision of the 1960's Italian leftists - as the exploitation of the world's poor by a plutocratic and technocratic elite.
Their opponents, in contrast, were reactionary conservatives--the original Right--who wanted to preserve rigid hierarchies of status based on heredity, plutocratic monopoly privilege, and the top-down management of society by these elites.
Modern football supporters are used to plutocratic footballers living in their own cocoon of immense wealth, high profile sports cars, vast houses, security and privilege.
Bennett was and is too easily depicted as pompous, plutocratic and reactionary, incapable of dealing with the problems thrown up by the Depression and motivated by expediency more than any real commitment to reform when he finally did act.
In the United States today, it is a select handful of super-rich families and tightly-knit financial interests-a plutocratic elite-who own the Big Media and who control the government through their ownership of that media.
This painfully awkward structure, which reflects poorly on both the artist and the engineer, may one day be seen as an unfortunate gesture of plutocratic aggrandisement, marking, through a historical irony, the end of British manufacturing in steel.
Being in a "third world" country apparently made it possible for him to gaze with equanimity upon instances of dirt, suffering, and death that plutocratic societies resent as silent indictments of capitalism.
In other words, the plutocratic system requires people to remain illiterate and poor.
Governance in all its aspects is less and less explored within a context of hierarchy--oligarchic, plutocratic, priestly, male-stream, disciplinary, and kingly.
In a sign of how plutocratic professional sports has become, it has 56 luxury suites, compared with 19 in the older venue.