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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.
Solon introduced the ideas of timokratia as a graded oligarchy in his Solonian Constitution for Athens in the early 6th century BC. His was the first known deliberately implemented form of timocracy, allocating political rights and economic responsibility depending on membership of one of four tiers of the population.
In 2017, Paxton believed it bore greater resemblance to plutocracy. [351] Paxton changed his opinion following the 2021 storming of the United States Capitol , stating that it is "necessary" to understand Trumpism as a form of fascism. [ 352 ]
The pros and cons of Medicare Advantage plans. Richard Eisenberg. Updated December 18, 2024 at 10:25 AM.
Political campaigning in representative democracies can favor the rich due to campaign costs, a form of plutocracy where only a very small number of wealthy individuals can actually affect government policy in their favor and toward plutonomy. [79] Stringent campaign finance laws can correct this perceived problem. [citation needed]
But the pros and cons of Medicare Advantage are lopsided. Like most health insurance plans, you get more coverage when you pay more for insurance. Unfortunately, many people don't realize how hard ...
Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few' and ἄρχω (árkhō) 'to rule, command') [1] [2] [3] is a form of government in which power rests with a small number of people.
"In essence, this money has been stolen from all of us for all these years," said an 84-year-old woman whose late husband's Social Security benefits were slashed. "It's not fair."