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A plutocracy (from Ancient Greek πλοῦτος (ploûtos) 'wealth' and κράτος (krátos) 'power') or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. [1] Unlike most political systems, plutocracy is not rooted in any established political ...
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 ]
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.
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 .
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).
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.
The 1st Earl of Bolingbroke, a seventeenth-century English aristocrat and politician. Aristocracy (from Ancient Greek ἀριστοκρατίᾱ ( aristokratíā ) 'rule of the best'; from ἄριστος ( áristos ) 'best' and κράτος ( krátos ) 'power, strength') is a form of government that places power in the hands of a small ...
Plutus is most commonly the son of Demeter [1] and Iasion, [2] with whom she lay in a thrice-ploughed field. He is alternatively the son of the fortune goddess Tyche. [3]Two ancient depictions of Plutus, one of him as a little boy standing with a cornucopia before Demeter, and another inside the cornucopia being handed to Demeter by a goddess rising out of the earth, perhaps implying that he ...