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A plutocracy (from Ancient Greek πλοῦτος (ploûtos) 'wealth', and κράτος (krátos) 'power') or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. [1] . Unlike most political systems, plutocracy is not rooted in any established political philosophy. [2]
Forget the 1%; it's the wealthiest .01% who are fast outpacing the rest of us. Today's colossal fortunes are amassed by the diligent toiling of smart, perceptive businessmen who see themselves as deserving victors in a cutthroat international competition.
- Chrystia Freeland
Feb 10, 2021 · Plutocracy is a term describing a society governed either directly or indirectly by extremely wealthy people. A common characteristic of plutocracy is the frequent enactment of government policies that benefit the wealthy, often at the expense of the lower classes.
Jun 7, 2024 · Plutocracy is a government controlled exclusively by the wealthy, either directly or indirectly. A plutocracy effectively allows only the wealthy to rule. This can then result in...
Ploutos was Greek for "wealth", and Plouton, or Pluto, was one of the names used for the Greek god of the underworld, where all the earth's mineral wealth was stored. So a plutocracy governs or wields power through its money.
Plutocracy means ‘rule by the wealthy.’. It’s when a small group consisting of the wealthiest people in a society rule by virtue of their wealth. Plutocracy is a self-reinforcing system.
Oct 15, 2012 · Reuters editor Chrystia Freeland traveled the world, interviewing multimillionaires and billionaires for her new book, Plutocrats. She says there's a startling disconnect between those at the...
Jun 12, 2013 · The most important economic fact of our time, says Chrystia Freeland, author of Plutocrats, is that we are living in an age of surging income inequality, a global phenomenon that includes the US and UK, certainly, but also Communist China, India, and, she says, "we're even seeing it cozy social ...
Jun 9, 2021 · In a few short years in the 1940s and into the 1950s, this coterie framed the rules and institutions that define American national security and the global international system to this day. It ...
Sep 5, 2013 · So what is global plutocracy? Why is it happening now? How is it hurting our economies? And what can we do to stop it? The TED Blog called Freeland to discuss what the future of 21st century capitalism might look like, and to talk to her about her recent decision to run for a seat in Canada’s Parliament.
