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 ?
The rise of the two right-wing dictatorships heralded the end of plutocratic international democracy as surely as it marked the destruction of the Jewish-Bolshevik world conspiracy.
We just need a president to sign this stuff." Is it that the Republican Party is cleverly and successfully hoodwinking its supporters, promising them populism and enacting plutocratic capitalism instead?
But there is a far bigger problem according to Frank: the few plutocratic winners damage the nation with their prodigious spending on mansions, hyper-expensive cars, over-the-top weddings, and so on.
Instead he concludes with proposals aimed at cutting off the institutional and legal blood supplies of wealth extraction, and makes a strong, morally defended, case for strong welfare states; equitable rates of pay and healthy working conditions; greener economies; tax justice (a la Piketty); and the democratisation of the plutocratic mass media that continuously feed the mythology about the rich.
What chance does elitist, esoteric Sufism stand against today's "egalitarian" literalism--and its plutocratic backers?
Debs attacked "the plutocratic element that absolutely rules our country.
The fact is Turkey is being led by a plutocratic ruling party.
Referring to the social stratification and the role of the peasantry in the state, Radu Rosetti note, at the beginning of the twentieth century: "Our state is a plutocratic structure; the peasants rule it; when the poor hear formal advice, they listen to it again." (Rosetti, 1907: 588).
On the move, the Phaeton never makes any bones about the fact that it's a plutocratic wafter.
In a political system ruled by plutocratic interests, this makes resolution of global warming through "official" channels highly improbable.
He believes that the United States may be entering an era of "patrimonial capitalism" with rigid class structures and plutocratic government that "looks like old Europe prior to 1914." He fears we are headed toward a Dickensian future in which "a small group of wealthy but untalented children controls vast segments of the US economy and penniless talented children simply can't compete." (4)
That it now not only has a plutocratic sporting two-door GT, but also a car to more credibly take on Aston Martin and Ferrari.