What are the main features of plutocracy?
Plutocracy is a term describing a society governed either directly or indirectly by extremely wealthy people. A common characteristic of plutocracy is the frequent enactment of government policies that benefit the wealthy, often at the expense of the lower classes.
What is plutocracy example?
Examples. Historic examples of plutocracies include the Roman Empire, some city-states in Ancient Greece, the civilization of Carthage, the Italian merchant city states of Venice, Florence, Genoa, the Dutch Republic and the pre-World War II Empire of Japan (the zaibatsu).
What is the leader of a plutocracy called?
A wealthy person who rules or influences leaders in a plutocracy can be called a plutocrat.
What does plutocracy mean in government?
government by the wealthy
Definition of plutocracy 1 : government by the wealthy.
What is the advantage of plutocracy?
The main advantages of this form of government are the social spending and the productive investment which leads to betterment of the country. I will start with a definition of the term plutocracy: In this debate it means “a government by and for the wealthy”.
Why is it called a plutocracy?
The word “plutocracy” comes from the Greek words “ploutos,” meaning wealthy, and “kratos,” meaning power or ruling.
Where does the word plutocracy originate?
The first part of the word comes from the Greek ploutos, meaning wealth. Put them together, and you get plutocracy, a government ruled by the rich.
What does Kakistocracy means in English?
government by the worst people
Definition of kakistocracy : government by the worst people.
What is the difference between oligarchy and plutocracy?
Definition. Oligarchy refers to the government system ruled and controlled by a small group of privileged people whereas plutocracy refers to the government system ruled and controlled by a wealthy minority. These two definitions explain the difference between oligarchy and plutocracy.
Who invented plutocracy?
Aristotle pioneered the use of the term as meaning rule by the rich, for which another term commonly used today is plutocracy. In the early 20th century Robert Michels developed the theory that democracies, like all large organizations, tend to turn into oligarchies.
What is the meaning of Neocracy?
New Word Suggestion. Government administered by new or untried persons.