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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 similar two-dimensional chart appeared in 1970 in the publication The Floodgates of Anarchy by Stuart Christie and Albert Meltzer, but that work distinguished between the axes collectivism–capitalism on the one hand, individualism–totalitarianism on the other, with anarchism, fascism, "state communism" and "capitalist individualism" in ...
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]
Capitalism vs. Socialism: Free Market vs. Government Distribution. The primary difference between socialism and capitalism is the role of government. In socialist economies, a central body — the ...
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]
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 .
A Democratic strategist argued that President Trump's popularity can be credited to the fact he has adopted many practical policies that have been abandoned by modern Democrats.
Inflation picked up for a fourth straight month in January amid another rise in in food and energy costs, possibly setting the stage for a year of halting progress in the battle to slow consumer ...