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 ?
PLUTOCRACY derived from a Greek word, is a society that is ruled by wealthy people.
Volcker also said that money was to blame for loss of confidence in the nation's leadership and that the country was developing into a plutocracy.
The Republic Day was the day when the people triumphed by defeating the plutocracy, he added.
Life Under Corporate Rule: How Democracy Dies examines how monetary and corporate power has increasingly translated into political power in America, pushing a de-evolution of American democracy (rule of the people) to plutocracy (rule of the wealthy) followed by oligarchy (rule of the few).
'Plutocracy' refers to the rule or power of the wealthy.
Despite this, the United States is not a kleptocracy -- literally, a rule by thieves -- but rather, it has become a plutocracy, where wealth buys political power.
This governance form is known as Plutocracy and diverged from the ancient Greek concept of "Aristocracy of talent" or rule by the best; first explored by the philosopher Plato.
Or to put it differently, the tax legislation Republicans are trying to ram through Congress with indecent haste, without hearings or time for any kind of serious study, looks an awful lot like an attempt not simply to reinforce plutocracy, but to entrench a hereditary plutocracy.
plutocracy has declared war on sustainable development.
They are both shills for America's plutocracy. What we are seeing is nothing more than a Trump party purge similar to the Nazi and Bolshevik party purges of the 1920s and '30s.
The US plutocracy has declared war on sustainable development.
Advisory Opinion Request 2017-10 (Citizens Against Plutocracy).