Plutocracy

  • a plutocracy (greek: πλοῦτος, ploutos, 'wealth' + κράτος, kratos, 'power') or plutarchy is a society that is ruled or controlled by people of great wealth or income. the first known use of the term in english dates from 1631.[1] unlike systems such as democracy, capitalism, socialism or anarchism, plutocracy is not rooted in an established political philosophy. plutocracy is linked to the term dynastic wealth. the concept of plutocracy may be advocated by the wealthy classes of a society in an indirect or surreptitious fashion since the term itself is almost always used in a pejorative sense.

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A plutocracy (Greek: πλοῦτος, ploutos, 'wealth' + κράτος, kratos, 'power') or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631.[1] Unlike systems such as democracy, capitalism, socialism or anarchism, plutocracy is not rooted in an established political philosophy. Plutocracy is linked to the term dynastic wealth. The concept of plutocracy may be advocated by the wealthy classes of a society in an indirect or surreptitious fashion since the term itself is almost always used in a pejorative sense.