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The term plutocracy is generally used as a pejorative to describe or warn against an undesirable condition. [3] [4] Throughout history, political thinkers and philosophers have condemned plutocrats for ignoring their social responsibilities, using their power to serve their own purposes and thereby increasing poverty and nurturing class conflict and corrupting societies with greed and hedonism.
Solon introduced the ideas of timokratia as a graded oligarchy in his Solonian Constitution for Athens in the early 6th century BC. His was the first known deliberately implemented form of timocracy, allocating political rights and economic responsibility depending on membership of one of four tiers of the population.
The term is generally used by critics of a national government. It has been used variously in the past to describe the Russian government under Boris Yeltsin and later, under Vladimir Putin, [10] the government of Egypt under Abdel Fattah Al-Sisi, [11] governments in sub-Saharan Africa, [12] the government of the Philippines under Rodrigo Duterte, [13] and the governments under some United ...
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
Modern depictions of aristocracy tend to regard it not as the ancient Greek concept of rule by the best, but more as an oligarchy or plutocracy—rule by the few or the wealthy. [citation needed] The concept of aristocracy according to Plato has an ideal state ruled by the philosopher king.
Examples include the claims of the United States as being a plutocracy rather than a democracy since some American voters believe elections are being manipulated by wealthy Super PACs. [21] Some consider that government is to be reconceptualised where in times of climatic change the needs and desires of the individual are reshaped to generate ...
It has, under the regime of Vladimir Putin, been variously characterized as a kleptocracy, [11] an oligarchy, [12] and a plutocracy; owing to its crony capitalism economic system. [ 13 ] [ 14 ] Spread of corruption in Russia
It hated the plutocracy but believed in rights for labor and a severely militarized state with strong controls over commercial monopolies and a hierarchical system, leading to the imperial conquest of vast new territories, providing wealth and successful careers for its members. The Assassins of the Brotherhood of Blood are aided, and receiving ...