Search results
Results From The WOW.Com Content Network
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).
However, the first person to use the term anarcho-capitalism was Murray Rothbard, [89] who synthesized in the mid-20th century elements from the Austrian School, classical liberalism and 19th-century American individualist anarchists Benjamin Tucker and Lysander Spooner while rejecting their labor theory of value and the norms they derived from ...
Gold – capitalism, classical liberalism, right-libertarianism Green – agrarianism, anarcho-egoism, anarcho-primitivism, capitalism, environmentalism, Islamism, green anarchism, green politics, black nationalism, Irish republicanism Gray – independent politicians Lavender – LGBT movements, transgender rights movement Magenta – centrism
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 .
One notable example is the Nolan Chart, devised by American libertarian David Nolan. Additionally, comparable charts were presented in Albert Meltzer and Stuart Christie 's "The Floodgates of Anarchy" in 1970, [ 15 ] and in the Rampart Journal of Individualist Thought by Maurice C. Bryson and William R. McDill in 1968.
A periodization of capitalism seeks to distinguish stages of development that help understanding of features of capitalism through time. The best-known periodizations that have been proposed distinguish these stages as: Early / monopoly / state monopoly capitalism ; Free trade / monopoly / finance capitalism
In their study "Piketty and Plutonomy: The Revenge of Inequality" they state that in the long term the drivers of the further concentration of wealth are intact, including globalization and capitalism-friendly governments. However, they warn that in the short-term there is potential for a backlash.