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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.
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).
Typically, each ideology contains certain ideas on what it considers to be the best form of government (e.g. autocracy or democracy) and the best economic system (e.g. capitalism or socialism). The same word is sometimes used to identify both an ideology and one of its main ideas.
Kleptocracy is different from plutocracy (rule by the richest) and oligarchy (rule by a small elite). In a kleptocracy, corrupt politicians enrich themselves secretly outside the rule of law , through kickbacks , bribes , and special favors from lobbyists and corporations, or they simply direct state funds to themselves and their associates .
Finance capitalism is the subordination of processes of production to the accumulation of money profits in a financial system. In their critique of capitalism, Marxism and Leninism both emphasise the role of finance capital as the determining and ruling-class interest in capitalist society, particularly in the latter stages. [149] [150]
This is a partial list of symbols and labels used by political parties, groups or movements around the world. Some symbols are associated with one or more worldwide ideologies and used by many parties that support a particular ideology. Others are region or country-specific.
Modern social democracy seeks to contain capitalism through transitioning unstable private sector enterprises into public ownership, correcting economic and social inequality through social safety nets and services, sometimes referred to as welfare state policies, and more aggressive regulation of markets and private enterprise than other forms ...
A common simplified definition of a republic is a government where the head of state is not a monarch. [ 37 ] [ 38 ] Montesquieu included both democracies , where all the people have a share in rule, and aristocracies or oligarchies , where only some of the people rule, as republican forms of government.