plutocracy

Definition

A society or system of government that is controlled, influenced, or dominated by the wealthy.

Etymology

Derived from the Greek word 'ploutos' (wealth) and 'kratos' (power or rule). It entered English in the 17th century to describe governance by the affluent.

In the news

The author argues that political power in America is increasingly concentrated among the ultra-wealthy, suggesting the system is effectively a plutocracy that serves the interests of millionaires rather than the general public.

Donald Trump doesn’t just love billionaires, he loves multimillionaires too

The Guardian

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