A plutocracy is a society that is ruled or controlled by the wealthy. The word plutocracy comes from the Greek word ploutos, which means "wealth." In a plutocracy, the rich have a disproportionate amount of power and influence, and the poor have very little.
There are different kinds of plutocracies. In some, the wealthy elite have political power and use it to advantage themselves. In others, the wealthy elite have economic power and use it to control the government. In still others, the wealthy elite have both political and economic power.
Some people argue that the United States is a plutocracy. They point to the fact that the wealthiest Americans have a disproportionate amount of political power and influence. They also argue that the economic system in the United States favors the wealthy, and that the wealthy have used their economic power to influence the government in their favor. Why is it called plutocracy? The word plutocracy comes from the Greek word ploutos, meaning "wealth." A plutocracy is a government or society in which the wealthy class rules. In most cases, the wealthy class is made up of the upper class, who have inherited their wealth.
What is a gerontocracy example?
A gerontocracy is an example of a system of government in which power is vested in the hands of the elderly. In a gerontocracy, it is the elderly who make the decisions and hold the power, while the younger members of society are relegated to a subordinate position. This system of government is often seen in traditional, tribal societies, where the wisdom and experience of the elders are valued above all else. What is the meaning of theocrat? A theocrat is a person who believes in theocracy, which is a form of government in which religious leaders have control over the state. What is the antonym of plutocracy? The antonym of plutocracy would be democracy.
What is a government run by the rich called?
The rich have always had a disproportionate amount of power in government, but there are different terms for different levels of government control by the wealthy. An oligarchy is a government in which a small group of wealthy individuals have control over the government. A plutocracy is a government in which the wealthy have a disproportionate amount of power and influence.