2021 This odious walled vertical suburb is a civic embarrassment, the embodiment of a runaway plutocracy that places its own interests over the commonweal - and common decency. Plutocracy is, therefore, defined as a state, society or government controlled and ruled by the wealthy or a wealthy class.
Plutocracy examples full#
Thus, the full translation of this word is the rule or command by the wealthy. 2021 Inequality is one of the biggest barriers to a functioning democracy: To turn around a slide into plutocracy, Democrats need to address the fact that two-thirds of Americans are living paycheck to paycheck right now.Ĭlio Chang, The New Republic, 9 Jan. The term Plutocracy derives from the Greek word ‘Ploutokratia.’ ‘Ploutos’ means wealth while ‘kratia’ means rule or power. John Cassidy, The New Yorker, 8 June 2021 Once before, in the aftermath of the Great Depression, similar rhetoric about the dangers of plutocracy helped cement a Democratic majority that endured for decades. 2021 In recent decades, as the stock market has soared, the vast fortunes amassed by some members of the plutocracy have largely escaped taxation. Victor Davis Hanson, Arkansas Online, 13 Sep. 2021 Within 40 years, California had created a new plutocracy of Eloi, whose wealth exempted them from all worries about the mundane problems of the distant and despised Morlock others. In fact, there is no example in human history where wealth accumulated like this and the pitchforks didn. The lists of example cookies above should include all domains for which cookies are set, but may omit some 3rd party cookies, especially in cases where we embed.
2021 Alas, Biden, Speaker Nancy Pelosi, and Senate Majority Leader Charles Schumer seem to be at home in the backroom, even as the Democrats squander the opportunity to break the plutocracy - government of, by, and for the super-rich. No society can sustain this kind of rising inequality. 2022 The battle against plutocracy isn’t going to be won in a single piece of legislation, certainly not one against which Manchin and Sinema hold an effective veto. Recent Examples on the Web Social equity pits people with very little wealth and clout against the plutocracy that runs the world, with billions of dollars at stake.Īmanda Chicago Lewis, The New Republic, 4 Apr.
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