What does "plutocracy" mean?
Government by the wealthy.
noun ·Rare ·Advanced level
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"Plutocracy, which is virtually supreme to-day, is to be no less condemned ; for it is not only not just, bit is nearly as detrimental to the race at large as absolute socialism would be, if adopted […]"
"“There are three big classes in society. First comes the Plutocracy, which is composed of wealthy bankers, railway magnates, corporation directors, and trust magnates. Second, is the middle class, your class, gentlemen, which is composed of farmers, merchants, small manufacturers, and professional men. And third and last comes my class, the proletariat, which is composed of the wage-workers."
"This country has become a plutocracy."
Government by the wealthy.
Common synonyms include: argentocracy, economic influence, merchant oligarchy, money power, oligarchies, oligarchy.
This country has become a plutocracy.
Pronounced /pluːˈtɒkɹəsi/.
From Ancient Greek πλουτοκρατία (ploutokratía, “rule of the wealthy”), from πλουτοκρατέω (ploutokratéō, “I rule through wealth”), from πλοῦτος (ploûtos, “wealth”) + κρατέω (kratéō, “I rule”) (from κράτος (krátos, “power”, “might”)).