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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 ...
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).
Conversely, many anarchists do not believe that anarcho-capitalism can be considered to be a part of the anarchist movement due to the fact that anarchism has historically been an anti-capitalist movement and see anarchism as fundamentally incompatible with capitalism because capitalism produces an economic hierarchy.
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 .
Similarly, Sighard Neckel has argued that the rise of financial-market-based capitalism in the later twentieth century has represented a 'refeudalisation' of the economy. [ 12 ] The widening of the wealth gap , as poor and marginalized people are excluded from the state's provision of security, can result in neo-feudalism, argues Marina ...
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.
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