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A plutocracy (from Ancient Greek πλοῦτος (ploûtos) 'wealth' and κράτος (krátos) 'power') or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. [1] Unlike most political systems, plutocracy is not rooted in any established political ...
Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos 'strength, power') is the notion of a political system in which economic goods or political power are vested in individual people based on ability and talent, rather than wealth or social class. [1]
Majority rule or parliamentary sovereignty vs. bill of rights or arbitrary rules with separation of powers and supermajority rules to prevent tyranny of the majority and protect minority rights; Rule according to higher law (unwritten ethical principles) vs. written constitutionalism; Separation of church and state or free church vs. state religion
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.
Elitists tend to favor social systems such as technocracy, combined with meritocracy and/or plutocracy, as opposed to political egalitarianism and populism. Elitists believe only a few "movers and shakers" truly change society, rather than the majority of people who only vote and elect the elites into power.
The upcoming year might show whether America really fits the above definition or is even a plutocracy, but I suspect this all simply reaffirms the nature of government. We should just accept H.L ...
Kleptocracy is different from plutocracy (rule by the richest) and oligarchy (rule by a small elite). In a kleptocracy, corrupt politicians enrich themselves secretly outside the rule of law , through kickbacks , bribes , and special favors from lobbyists and corporations, or they simply direct state funds to themselves and their associates .
The 1st Earl of Bolingbroke, a seventeenth-century English aristocrat and politician. Aristocracy (from Ancient Greek ἀριστοκρατίᾱ ( aristokratíā ) 'rule of the best'; from ἄριστος ( áristos ) 'best' and κράτος ( krátos ) 'power, strength') is a form of government that places power in the hands of a small ...