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.

Definition of Plutocracy - DictionaryMany 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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