From Wikipedia (Plutocracy).
Plutocracy is rule by the wealthy, or power provided by wealth. The combination of both plutocracy and oligarchy is called plutarchy.
The word plutocracy (Modern Greek: πλουτοκρατία – ploutokratia) is derived from the ancient Greek root ploutos, meaning wealth and kratos, meaning to rule or to govern.
As with every Open Thread Thursday, feel free to express your thoughts on this issue as it pleases you.
Advertisements
Wow yeah. I think this country is most definitely more of a plutocracy than a democracy. Perhaps an equal measure of plutocracy and corporate rule (don’t know of an official word for that). The rich always think they are above the law and corporations are treated as individuals for the purpose of allowing them to donate money to campaign funds so they can get their man into office who will do what they want rather than the people.
I doubt this country has ever truly been a democracy. Or anything resembling a rule by the people of the country.
LikeLike
“I doubt this country has ever truly been a democracy. Or anything resembling a rule by the people of the country.”
Maybe. When it first started back just after the Revolutionary War it was a democratic republic. It got corrupted along the way, though and eventually evolved (or devolved, depending on your viewpoint) to the current system, which, to me, more closely resembles a corporatocracy, than anything else.
LikeLike