Definition of Plutocracy
What is a plutocracy? What is the definition of the term plutocracy?
A plutocracy is a government in which the wealthy people rule.
The word plutocracy comes from the Greek words "ploutos" and "kratos", which mean "wealth" and "to govern" respectively.
Many people would argue that many Western democracies are actually plutocracies due to the heavy influence of the wealthy on politicians and elections.
One example - a wealthy donor being rewarded for his support with a government appointment. Another example - a wealthy donor gaining an important political concession thanks to his ties to a bought politician.
In both cases, a person's wealth translated directly into power.
Wealthy citizens will often contribute heavily to political action groups and other organizations in order to help swing elections and initiatives in their favour.
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