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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.
The basic message of the image is a critique of the capitalist system, depicting a hierarchy of power and wealth. It illustrates a working class supporting all others, and if it withdrew their support from the system, it would topple the existing social order. This type of criticism of capitalism is attributed to the French socialist Louis ...
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]
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 .
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Solon introduced the ideas of timokratia as a graded oligarchy in his Solonian Constitution for Athens in the early 6th century BC. His was the first known deliberately implemented form of timocracy, allocating political rights and economic responsibility depending on membership of one of four tiers of the population.