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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.
A politically unstable and kleptocratic government that economically depends upon the exports of a limited resource (fruits, minerals), and usually features a society composed of stratified social classes, such as a great, impoverished ergatocracy and a ruling plutocracy, composed of the aristocracy of business, politics, and the military. [32]
Aristocracy (from Ancient Greek ἀριστοκρατίᾱ (aristokratíā) 'rule of the best'; from ἄριστος (áristos) 'best' and κράτος (krátos) 'power, strength') is a form of government that places power in the hands of a small, privileged ruling class, the aristocrats.
President Biden used his farewell address from the Oval Office on Wednesday to warn Americans of an oligarchy taking shape in the U.S. while issuing warnings of other threats to the nation as he ...
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 .
But America’s Founding Fathers didn’t envision the U.S. as a bureaucracy or a democracy. They envisioned it as a republic ... or less avaricious than aristocracy or monarchy.” ...
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.
oligarchy: government by the few; timocracy: government by the honored or valued; tyranny: government by one for himself; aristocracy: government by the best (Plato's ideal form of government) Plato found flaws with all existing forms of government and thus concluded that aristocracy, which emphasizes virtue and wisdom, is the purest form of ...