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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.
Plutocrats: The Rise of the New Global Super Rich and the Fall of Everyone Else is a book about economic inequality by Chrystia Freeland, first published in 2012. In 2013, it won the Lionel Gelber Prize and the National Business Book Award .
Freeland is the author of Sale of the Century: Russia's Wild Ride from Communism to Capitalism (2000), [22] as well as Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else (2012). [29] [30] Sale of the Century is an account of privatization in Russia.
[35] In this case, the plunder and looting enriches not only high government officials, but a narrow class of plutocrats, who usually represent wealthy individuals and families who have amassed great assets through the usage of political favoritism, special interest legislation, monopolies, special tax breaks, state intervention, subsidies or ...
Lamar Hunt Sr. (August 2, 1932 – December 13, 2006) was an American businessman most notable for his promotion of football, soccer, and tennis in the United States. With his brothers, he also attempted to corner the silver market.
Until November 1938, the British were depicted as an Aryan people, but they were afterward were denounced as "the Jew among the Aryan peoples" and as plutocrats who were fighting for money. [8] That was sometimes modified with the suggestion that it was the British ruling class alone that was the problem. [9]
[62] [63] Nazi propaganda also vilified the British as oppressive and hating plutocrats with materialistic tendencies who were an existential threat to the world, as they were the creators of "international high finance" and the degeneracy of Capitalism. [64]
In one of his last interviews before his death in 1945, Mussolini told journalist Ivanoe Fossani that "we are proletarian nations that rise up against the plutocrats" and that "I am more convinced than ever that the world can not get out of the dilemma: either Rome or Moscow." [7]