what is plutocracy?

what is plutocracy?

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1 year ago
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. Unlike systems such as democracy ,
capitalism , socialism or anarchism , plutocracy is not rooted in an established political philosophy . The concept of plutocracy may be advocated by the wealthy classes of a society in an indirect or surreptitious fashion, though the term itself is almost always used in a pejorative sense.
The term plutocracy is generally used as a pejorative to describe or warn against an undesirable condition. Throughout history, political thinkers such as Winston Churchill, 19th-century French sociologist and
historian Alexis de Tocqueville , 19th-century Spanish monarchist Juan Donoso Cortés and today Noam Chomsky have condemned plutocrats for ignoring their social responsibilities , using their power to serve their own purposes and thereby increasing poverty and nurturing class conflict , corrupting societies with
greed and hedonism .
1 year ago
A plutocracy or plutarchy is a society that is ruled or controlled by people of great wealth or income.

It's a system of government completely controlled by the rich/wealthy people, either directly or indirectly.
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