PLUTOCRACY Meaning and
Definition
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Plutocracy is a noun that refers to a form of government or society in which power and control are primarily vested in a small group of wealthy individuals or families. Derived from the Greek words "ploutos" meaning wealth, and "kratos" meaning power, the term epitomizes a system where financial influence and affluence dictate political decisions and societal outcomes.
In a plutocracy, the ruling class often enjoys immense economic disparity, leading to unequal distribution of resources and opportunities. This generally results in the wealthy segment of society having a disproportionately large influence over policy-making, law enforcement, and the overall functioning of the state. Their wealth enables them to exert authority, secure positions of power, and sway public opinion through vast financial resources.
Plutocracies can manifest in various forms, either as formal political systems or as social constructs within democracies or oligarchies. Such a system can erode democratic principles as equal representation and social mobility may become compromised due to the concentration of power and advantages among the elite class. Plutocracies often face criticism for perpetuating inequality, creating injustices, and exacerbating social divisions.
The term "plutocracy" is frequently employed in political discourse and social critique to highlight and condemn the excessive influence of money and wealth in governing bodies. It serves as a reminder of the potential pitfalls and challenges facing societies striving for equitable, inclusive governance.
Common Misspellings for PLUTOCRACY
Etymology of PLUTOCRACY
The word "plutocracy" is derived from two Greek roots: "ploutos", meaning wealth, and "kratos", meaning rule or power. The combination of these two roots forms "plutokratia" in Greek, which translates to "rule by the wealthy" or "government by the wealthy". "Plutokratia" later entered Latin as "plutocracia", and from Latin it was adapted into English as "plutocracy" in the mid-17th century. The term is used to describe a system of governance or society in which wealth and economic power are held by a small minority who exert significant influence over the decision-making process.
Similar spelling words for PLUTOCRACY
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