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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 ]
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 .
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 ]
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]
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.
The term is generally used by critics of a national government. It has been used variously in the past to describe the Russian government under Boris Yeltsin and later, under Vladimir Putin, [10] the government of Egypt under Abdel Fattah Al-Sisi, [11] governments in sub-Saharan Africa, [12] the government of the Philippines under Rodrigo Duterte, [13] and the governments under some United ...
Cate Blanchett has responded to the backlash over her “white, privileged and middle class” comments made earlier this year. In May, the Australian actor attracted criticism on social media ...
American exceptionalism; American nationalism; Anti-communism; Christian nationalism; Civil religion; Classical liberalism; Communitarianism; Constitutionalism