What countries are plutocracy?
Examples. Historic examples of plutocracies include the Roman Empire, some city-states in Ancient Greece, the civilization of Carthage, the Italian merchant city states of Venice, Florence, Genoa, the Dutch Republic and the pre-World War II Empire of Japan (the zaibatsu).
What is meant by plutocratic?
Definition of plutocracy 1 : government by the wealthy. 2 : a controlling class of the wealthy.
What is plutocracy in a sentence?
Definition of Plutocracy. a political system governed by the wealthy. Examples of Plutocracy in a sentence. 1. Because it is not operated by the wealthiest people, our political system is not a plutocracy.
What is the difference between a plutocrat and an oligarch?
Oligarchy refers to the government system ruled and controlled by a small group of privileged people whereas plutocracy refers to the government system ruled and controlled by a wealthy minority.
What is a synonym for plutocracy?
glitterati, haut monde. (also haute monde), jet set, society.
What’s the meaning of kleptocracy?
Kleptocracy (from Greek κλέπτης kléptēs, “thief”, κλέπτω kléptō, “I steal”, and -κρατία -kratía from κράτος krátos, “power, rule”) is a government whose corrupt leaders (kleptocrats) use political power to appropriate the wealth of the people and land they govern, typically by embezzling or misappropriating government …
Who rules in a technocracy?
Technocracy is a form of government in which the decision-maker or makers are selected on the basis of their expertise in a given area of responsibility, particularly with regard to scientific or technical knowledge.
Who started technocracy?
William H. Smyth, a California engineer, invented the word technocracy in 1919 to describe “the rule of the people made effective through the agency of their servants, the scientists and engineers”, and in the 1920s it was used to describe the works of Thorstein Veblen.