2021 Inequality is one of the biggest barriers to a functioning democracy: To turn around a slide into plutocracy, Democrats need to address the fact that two-thirds of Americans are living paycheck to paycheck right now.Ĭlio Chang, The New Republic, 9 Jan. 164555 < Greek ploutokrata ploto (s) wealth + -kratia -cracy plutocrat (pl tkrt) n. a class or group exercising power by virtue of its wealth. a government or state in which the wealthy class rules. John Cassidy, The New Yorker, 8 June 2021 Once before, in the aftermath of the Great Depression, similar rhetoric about the dangers of plutocracy helped cement a Democratic majority that endured for decades. the rule or power of wealth or of the wealthy. A plutocracy allows, either openly or by circumstance, only the wealthy to rule. 2021 In recent decades, as the stock market has soared, the vast fortunes amassed by some members of the plutocracy have largely escaped taxation. Plutocracy is a government controlled exclusively by the wealthy, either directly or indirectly. Corporations are an example that everyone should be familiar with. Victor Davis Hanson, Arkansas Online, 13 Sep. A plutocracy is a system of government by the wealthy.

2021 Within 40 years, California had created a new plutocracy of Eloi, whose wealth exempted them from all worries about the mundane problems of the distant and despised Morlock others. 2021 Alas, Biden, Speaker Nancy Pelosi, and Senate Majority Leader Charles Schumer seem to be at home in the backroom, even as the Democrats squander the opportunity to break the plutocracy - government of, by, and for the super-rich. 2022 The battle against plutocracy isn’t going to be won in a single piece of legislation, certainly not one against which Manchin and Sinema hold an effective veto. plutocracy language dictionary romanian, oligarchy, plutocracy definition, plutocracy define, what is plutocracy, autocracy, plutocracy in romanian. Katherine Stewart, The New Republic, 11 July 2022 Social equity pits people with very little wealth and clout against the plutocracy that runs the world, with billions of dollars at stake.Īmanda Chicago Lewis, The New Republic, 4 Apr.

Recent Examples on the Web One school of progressive thought says that America has devolved (once again, perhaps) into a plutocracy.

Define plutocracy