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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 ...
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]
Irving Kristol states that neocons are more relaxed about budget deficits and tend to reject the Hayekian notion that the growth of government influence on society and public welfare is "the road to serfdom". [100] Indeed, to safeguard democracy, government intervention and budget deficits may sometimes be necessary, Kristol argues.
A timocracy (from Greek τιμή timē, "honor, worth" and -κρατία -kratia, "rule") [1] in Aristotle's Politics is a state where only property owners may participate in government. More advanced forms of timocracy, where power derives entirely from wealth with no regard for social or civic responsibility, may shift in their form and ...
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 ...
Mixed government (or a mixed constitution) is a form of government that combines elements of democracy, aristocracy and monarchy, ostensibly making impossible their respective degenerations which are conceived in Aristotle's Politics as anarchy, oligarchy and tyranny.
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A review in The Guardian, while generally praising Plutocrats, noted that it was "short of solutions" to the problems it identifies. [7] According to Anthony Gould, Plutocrats argues that the American Dream is "apparently over", because American society no longer rewards entrepreneurs who produce useful or valuable goods and instead favours financial chicanery as a way to get rich.