Plutocracy
Definition of 'Plutocracy'A government controlled exclusively by the wealthy either directly or indirectly. A plutocracy allows, either openly or by circumstance, only the wealthy to rule. This can then result in policies exclusively designed to assist the wealthy, which is reflected in its name (comes from the Greek words "ploutos" or wealthy, and "kratos" - power, ruling). |
|
Investopedia explains 'Plutocracy'A plutocracy doesn't have to be a purposeful, overt format for government. Instead, it can be created through the allowance of access to certain programs and educational resources only to the wealthy and making it so that the wealthy hold more sway. The concern of inadvertently creating a plutocracy is that the regulatory focus will be narrow and concentrated on the goals of the wealthy, creating even more income and asset-based inequality. |
Related Definitions
Articles Of Interest
-
How Governments Influence Markets
The biggest influence in the markets today can create some unintended consequences. -
How Your Tax Rate Is Determined
Feel like the government always has its hand in your pocket? Learn the theory behind how it decides how much to take. -
Do Tax Cuts Stimulate The Economy?
Learn the logic behind the belief that reducing government income benefits everyone. -
Top 6 U.S. Government Financial Bailouts
U.S. bailouts date all the way back to 1792. Learn how the biggest ones affected the economy. -
Austerity: When The Government Tightens Its Belt
When a government tightens its belt in tough economic times the entire nation feels the squeeze. -
Approved: Paying Online Sales Tax
States will now be allowed to collect sales taxes on purchases made from Internet-based retailers even if the retailer has no physical presence in that state. -
Sequestration: What Will It Do And What Should You Do?
Learn about the sequester, and possible ways to play it. -
Stocks That Follow This Simple Practice Beat The Markets 6-To-1
We look at what makes Shaw Communications so special, and how you can find other smilarily special stocks. -
The Secret Finances Of The Vatican Economy
The Vatican is the smallest country in the world, and has an economy shrouded in secrecy. Here are some little known facts that will give you a peek into the mysterious world of the Vatican's ... -
What It Takes To Be "Made In The USA"
Discover the rules and standards behind the "Made in the USA" label.
Free Annual Reports