Plutocracy
WordNet
noun
(1) A political system governed by the wealthy people
WiktionaryText
Etymology
From , from , from + (from ).
Noun
- Government by the wealthy.
- A controlling class of the wealthy.
Quotations
- 1933 — G. K. Chesterton, All I Survey, Essay XXIII: On Industrialism
- Modernity is not democracy; machinery is not democracy; the surrender of everything to trade and commerce is not democracy. Capitalism is not democracy; and is admittedly, by trend and savour, rather against democracy. Plutocracy by definition is not democracy. But all these modern things forced themselves into the world at about the time, or shortly after the time, when great idealists like Rousseau and Jefferson happened to have been thinking about the democratic ideal of democracy.