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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.
Plutonomy (from Ancient Greek πλοῦτος (ploûtos) 'wealth' and νόμος (nómos) 'law'; a portmanteau of plutocracy and economy) is the science of production and distribution of wealth. [ 1 ]
The concept of a "proletarian nation" was later adopted by fascists after World War I, and it was used to attempt to draw the working class away from socialism and communism by arguing that the struggle between classes could be replaced by a struggle between nations, specifically between "proletarian nations" and plutocracies. [4]
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]
One of the primary characteristics of the age of techno-capitalist-feudalism, according to Bellemare, is "the degeneration of the old modern class-system into a post-modern micro-caste-system, wherein an insurmountable divide and stratum now exists in-between the "1 percent" and the "99 percent", or more specifically, the state-finance ...
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.
More than 100 million Americans today — almost one-third of the population — were not born when 9/11 happened. Still, it influences their lives.
His theory evolved over the decades, and the description in later writings is somewhat different. Dahl argues that "democracy" is an ideal type that no country has ever achieved. [ 6 ] For Dahl, democracy is a system that is "completely responsive to all its citizens", [ 6 ] and the closest to the democratic ideal any country has come is polyarchy.