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Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos 'strength, power') is the notion of a political system in which economic goods or political power are vested in individual people based on ability and talent, rather than wealth or social class. [1]
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).
Elitists tend to favor social systems such as technocracy, combined with meritocracy and/or plutocracy, as opposed to political egalitarianism and populism. Elitists believe only a few "movers and shakers" truly change society, rather than the majority of people who only vote and elect the elites into power. [4]
Influences and history of Sociocracy 3.0. The word 'sociocracy' is derived from the Latin socius meaning companions, colleagues, or associates; and the Greek cratia which refers to the ruling class, as in aristocracy, plutocracy, democracy, and meritocracy.
The Kirchnerist movement has been openly accused that it believes in nepotism, treating meritocracy as a pejorative concept. [ 54 ] [ 55 ] The government's ministries and secretariats are reportedly plagued with friends, family and supporters of the current party leaders, many of whom have been criticized for being incompetent at their jobs.
A new report finds that the present-day golden era of Indian billionaires has produced historic income inequality in India.
In the Republic, Plato's Socrates raises a number of criticisms of democracy.He claims that democracy is a danger due to excessive freedom. He also argues that, in a system in which everyone has a right to rule, all sorts of selfish people who care nothing for the people but are only motivated by their own personal desires are able to attain power.