plutocracy
UK: pluːˈtɒkrəsi | US: pluːˈtɑːkrəsi
n. a system of government where the wealthy rule or hold disproportionate power
n. a society or group dominated by the wealthy
plutocracy = pluto<wealth> + cracy<rule>
- pluto (from Greek ploutos meaning "wealth")
- cracy (from Greek -kratia meaning "rule" or "power")
Etymology Origin:
The term plutocracy originates from Greek ploutos (wealth) + -kratia (rule), reflecting the concept of governance by the wealthy. Historically, it emerged in the 17th century to critique systems where economic power translates directly into political dominance. The word’s structure mirrors other -cracy terms (e.g., democracy, aristocracy), emphasizing the ruling force—here, wealth.
Critics argue that unchecked capitalism can lead to plutocracy.
The nation’s policies increasingly reflect a plutocracy favoring the elite.
Ancient Athens warned against plutocracy corrupting democracy.
Modern lobbying practices raise concerns about plutocratic influence.
Some view Silicon Valley’s tech billionaires as a new form of plutocracy.