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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 ]
In the Republic, Plato's Socrates raises a number of criticisms of democracy.He claims that democracy is a danger due to excessive freedom. He also argues that, in a system in which everyone has a right to rule, all sorts of selfish people who care nothing for the people but are only motivated by their own personal desires are able to attain power.
Definition National government: The government of a nation-state and is a characteristic of a unitary state. This is the same thing as a federal government which may have distinct powers at various levels authorized or delegated to it by its member states, though the adjective 'central' is sometimes used to describe it. The structure of central ...
It is a system in which only a small part of the population represents the government; "certain men distinguished from the rest". [8] 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]
A timocracy (from Greek τιμή timē, "honor, worth" and -κρατία -kratia, "rule") [1] in Aristotle's Politics is a state where only property owners may participate in government. More advanced forms of timocracy, where power derives entirely from wealth with no regard for social or civic responsibility, may shift in their form and ...
The paradigm shift in tech’s relationship to government feels new, and like it’s just getting started. One word, perhaps of caution: This is the cast of characters today.
Noocracy (/ n oʊ ˈ ɒ k r ə s i /, nous meaning 'mind" or 'intellect', and kratos meaning 'power' or 'authority') is a type of government where decisions are delegated to those deemed wisest. The idea is classically advanced, among others, by Plato , al-Farabi and Confucius .