Plutocracy - Wikipedia 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] Unlike most political systems, plutocracy is not rooted in any established
Plutocracy vs Oligarchy: Similarities and Differences Plutocracy and oligarchy refer to power structures where a small group controls everything Whereas a plutocracy is defined as a system where a small group of wealthy people hold power, an oligarchy is defined as a system where a small group holds power, regardless of how they’ve amassed it
What Is Plutocracy? Definition and Examples - ThoughtCo 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
Plutocracy: Explanation and Examples - Philosophy Terms 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