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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.
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]
Noocracies, like technocracies, have been criticized for meritocratic failings, such as potentially upholding a more or less permanent ruling class. Others have highlighted more democratic ideals as better epistemic models of law and policy. Noocracy's criticisms come in multiple forms, two of which are those focused on the efficacy of ...
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 is argued to be a myth because, despite being promoted as an open and accessible method of achieving upward class mobility under neoliberal or free market capitalism, wealth disparity and limited class mobility remain widespread, regardless of individual work ethic.
Italian artist Maurizio Cattelan's "Comedian," a conceptual artwork comprising a banana stuck to a wall with duct tape, sold on Wednesday for $6.24 million at a Sotheby's auction in New York.
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.
Sisters Helena and Barbara Stefaniak had their worlds turned upside down after the start of World War II. The sisters, who were living in Poland, were separated and put into work camps as teens ...