‘The danger is that plutocracy will prevail. ‘It would replace democracy with plutocracy, letting the wealthy and big business make laws in their own interests.’. A government whose authority is based on citizen's votes, which are represented by elected or nominated officials chosen in free elections. ‘the attack on the Bank of England was a gesture against the very symbol of plutocracy’. Limited Monarchy (Constitutional Monarchy).There are many different forms of government but really just eight apply to us today. An oligarchy is when a society is ruled by a few people, usually the rich. The four types of government are oligarchy, aristocracy, monarchy, and democracy. The correct answer is D (theocracy and communism) because the definition of an oligarchy is when a group of people rules over a majority. Meaning of plutocracy, Definition of Word plutocracy in Almaany Online Dictionary, searched domain is All category, in the dictionary of English Arabic. Both are mostly unconstrained in their exercise of power. Both exercise a broad degree of power but are constrained by constitutions. What do authoritarian monarchies and authoritarian oligarchies have in common? a. What do authoritarian monarchies and authoritarian oligarchies have in common? 'plutocracy and Paternalism History.Written May 22-28. ![]() The term applies to states in which supreme authority is vested in the monarch, an individual ruler who functions as the head of state and who achieves his or her position through heredity. Generic synonyms: Form Of Government, Political System Derivative terms: Plutocratic, Plutocratical. Monarchy, political system based upon the undivided sovereignty or rule of a single person. What is a monarchy group of answer choices? A government where one person makes all the rules. A government where people are all "equal". A government where people choose other people to make decisions for us. How to say plutocracy in English Pronunciation of plutocracy with 1 audio pronunciation, 3 synonyms, 1 meaning, 10 translations, 3 sentences and more for plutocracy. A government where the majority makes the decisions by voting. Plutocracy is often used alongside other critical terms for corrupt or unjust forms of government, such as oligarchy (a system in which power is held by a small group of people) and autocracy (a government in which one person has unlimited power). Instead, the term is often used to imply that such a system leads to corruption and oppression-no matter what the official form of government is or what the specific politics of its leaders are. Plutocracy does not imply a specific political doctrine or philosophy. In a plutocracy, rich people have the power. ![]() The first part of the word comes from ploûto(s), meaning “wealth.” (The name of the god Pluto of Greek mythology-for whom the dwarf planet is named-comes from the related Greek Ploutōn, meaning “the rich one.”) The second part of the word comes from the Greek -kratia, which means “rule” or “power” and gives us the suffix -cracy, which is used in many terms for forms of government, such as democracy and bureaucracy. Rockefellers Standard Oil gained serious political power, and Rockefeller was able to influence lawmakers in. in the late 19th century produced a group of enormously wealthy plutocrats. The first records of the word plutocracy come from around 1650. Was Rockefeller a plutocrat The economic growth in the U.S. It can also refer to the wealthy class that is using wealth to rule, as in The businessman was accused of being a member of the plutocracy.Ī wealthy person who rules or influences leaders in a plutocracy can be called a plutocrat.Įxample: Average citizens are angry because they believe billionaires have turned the government into a plutocracy to benefit themselves. Plutocracy can also refer to the power that this kind of wealth can allow, as in His latest column explains his belief that the government has been corrupted by plutocracy. It is frequently used as a way of pointing out inequality and the powerful influence of the wealthy in politics and government.Ī country that is thought to have a plutocratic government can also be referred to as a plutocracy, as in Many outsiders saw the nation as an oppressive plutocracy. Plutocracy is never used as an official term for a form of government (like democracy is, for example)-it’s almost always applied as a criticism of such situations. This can mean that wealthy people are the actual leaders, or that they influence or control the decisions that the leaders make. Plutocracy is a term for a government in which wealthy people use their wealth to rule.
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