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A plutocracy (from Ancient Greek πλοῦτος (ploûtos) 'wealth', and κράτος (krátos) '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]
Feb 10, 2021 · Plutocracy is a term describing a society governed either directly or indirectly by extremely wealthy people. A common characteristic of plutocracy is the frequent enactment of government policies that benefit the wealthy, often at the expense of the lower classes.
Jun 7, 2024 · A plutocracy is a system of rule by the wealthy, directly or indirectly. Indirectly, plutocracy can take the form of regulatory frameworks and programs designed to benefit only...
Plutocracy means ‘rule by the wealthy.’. It’s when a small group consisting of the wealthiest people in a society rule by virtue of their wealth. Plutocracy is a self-reinforcing system. That is, once a group of wealthy people are in charge, they can use their wealth and political power to change the rules (laws and systems) to make sure ...
The meaning of PLUTOCRACY is government by the wealthy. How to use plutocracy in a sentence. Did you know?
PLUTOCRACY definition: 1. a system of government in which the richest people in a country rule or have power: 2. a…. Learn more.
Jun 27, 2018 · plu·toc·ra·cy / ploōˈtäkrəsē / • n. (pl. -cies) government by the wealthy. ∎ a country or society governed in this way. ∎ an elite or ruling class of people whose power derives from their wealth.
Jun 12, 2013 · The most important economic fact of our time, says Chrystia Freeland, author of Plutocrats, is that we are living in an age of surging income inequality, a global phenomenon that includes the US and UK, certainly, but also Communist China, India, and, she says, "we're even seeing it cozy social ...
Sep 5, 2013 · How do you think the age of plutocracy will affect future generations? What do you think the children of plutocrats are inheriting and what do you do think the children of everyone else are inheriting? We don’t know for sure. These are man-made processes, so our actions can make a difference.
PLUTOCRACY meaning: 1 : government by the richest people; 2 : a country that is ruled by the richest people
