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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).
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]
In turn, Mikhail Epstein defined noocracy as "the thinking matter increases its mass in nature and geo- and biosphere grow into noosphere, the future of the humanity can be envisioned as noocracy—that is the power of the collective brain rather than separate individuals representing certain social groups or society as whole".
2 Executive Summary A crucial component of Mitt Romney’s Plan for a Stronger Middle Class is to dramatically increase domestic energy production and partner closely with Canada and Mexico
Kleptocracy (from Greek κλέπτης kléptēs, "thief", or κλέπτω kléptō, "I steal", and -κρατία-kratía from κράτος krátos, "power, rule"), also referred to as thievocracy, [1] [2] is a government whose corrupt leaders (kleptocrats) use political power to expropriate the wealth of the people and land they govern ...
In many ways, meritocracy is a core part of the American dream. Many believe that anyone, regardless of background or upbringing, can succeed through hard work.
Ongoing hearings in Atlanta will determine whether the power company can raise rates by 12% over three years. Here’s what you need to know. Why is electricity getting more expensive?