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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. Also ...
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.
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
Aristocracy [b] is a form of government that places power in the hands of a small, elite ruling class, [32] such as a hereditary nobility or privileged caste. This class exercises minority rule , often as a landed timocracy , wealthy plutocracy , or oligarchy .
It has, under the regime of Vladimir Putin, been variously characterized as a kleptocracy, [11] an oligarchy, [12] and a plutocracy; owing to its crony capitalism economic system. [ 13 ] [ 14 ] Spread of corruption in Russia
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 .
In his 1956 book The Power Elite, sociologist C. Wright Mills stated that together with the military and political establishment, leaders of the biggest corporations form a "power elite", which is in control of the U.S. [15] Economist Jeffrey Sachs described the United States as a corporatocracy in The Price of Civilization (2011). [16]
Types of democracy refers to the various governance structures that embody the principles of democracy ("rule by the people") in some way. Democracy is frequently applied to governments (ranging from local to global), but may also be applied to other constructs like workplaces, families, community associations, and so forth.