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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.
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]
While not characterizing the United States as an "oligarchy" or "plutocracy" outright, Gilens and Page give weight to the idea of a "civil oligarchy" as used by Jeffrey A. Winters, saying, "Winters has posited a comparative theory of 'Oligarchy,' in which the wealthiest citizens – even in a 'civil oligarchy' like the United States ...
"Plutocracy is its own kind of dictatorship," Kanter said in a farewell address on Tuesday. "When companies larger and more powerful than most world governments threaten individual liberty with ...
This is seen in many parts of Africa and is sometimes called plutocracy (rule by wealth) or kleptocracy (rule by theft). Kenyan economist David Ndii has repeatedly brought to light how this system has manifested over time, occasioned by the reign of Uhuru Kenyatta as president.
Indispensable America: argues that only America can defend the values on which global stability increasingly depends. In today's interdependent, hyper-connected world, a turn inward would undermine America's own security and prosperity. Indispensable America is the most costly option.
America's economic strength and growth potential make it a compelling destination for investment, and this optimism is shared by some of the most successful investors, including Warren Buffett.
Here was no lover of government by plutocracy, no dreamer of an America filled with factions and hard-packed cities. Here was a man who loved America as it was and had been, one whose life was a doughty testament to the trials and glories of ordered liberty. Here ... was the model of the American conservative. [103]