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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.
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]
For instance, Singapore has a political system that favors meritocracy; the path to government in Singapore is structured in such a way that only those with above-average skills are identified with strict university-entrance exams, recruiting processes, etc., and then rigorously trained to be able to devise best the solutions that benefit the ...
In 1990, Michael Kinsley stated, "Inequalities of income, wealth, status are inevitable, and in a capitalist system even necessary." [13] Rising wealth disparity increasingly undermines faith in the existence of meritocracy, as beliefs in equal opportunity and social equality lose credibility among lower classes who recognize the preexisting reality of limited class mobility as a feature of ...
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 ...
A politically unstable and kleptocratic government that economically depends upon the exports of a limited resource (fruits, minerals), and usually features a society composed of stratified social classes, such as a great, impoverished ergatocracy and a ruling plutocracy, composed of the aristocracy of business, politics, and the military. [32]
The natural aristocracy is a concept developed by Thomas Jefferson in 1813 which describes a political elite that derives its power from talent and virtue (or merit). He distinguishes this from traditional aristocracies, which he refers to as the artificial aristocracy, a ruling elite that derives its power solely from inherited status, or wealth and birth.
Brian Jordan Alvarez dissects FX's subversive school comedy 'English Teacher' "I am assuming nobody on set knows what's going on under the comforter, and I'm just frozen," he said. "I didn't know ...