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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 ]
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 .
The saying is an example of an idiom, where the literal meaning is not (at least any longer) what it actually means. Both individual words, and idioms and other sayings, can drift in meaning over long periods. They may also differ in current varieties of English. Many expressions in English originate from sailing.
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 Augustan poet Vergil says that Pluto is the father of the Furies, [40] but the mother is the goddess Nox , [41] not his wife Persephone.The lack of a clear distinction between Pluto and "chthonic Zeus" confuses the question of whether in some traditions, now obscure, Persephone bore children to her husband. In the late 4th century AD ...
In sociology and economics, the precariat (/ p r ɪ ˈ k ɛər i ə t /) is a social class formed by people suffering from precarity, which means existing without predictability or security, affecting material or psychological welfare.