Plutocracy (Noun)
Meaning
A political system governed by the wealthy people.
Classification
Nouns denoting groupings of people or objects.
Examples
- The country's economic policies were criticized for favoring a plutocracy, where the interests of the wealthy elite took precedence over those of the general population.
- Many argued that the government's decision to lower taxes on the rich was a clear example of a plutocracy in action, where the wealthy were able to buy influence and shape policy to their advantage.
- The protesters claimed that the plutocracy that controlled their government had created an economy that was rigged against the poor and the middle class.
- The plutocracy in power was notorious for its lavish spending and corrupt practices, which had become the hallmark of their rule.
- Critics accused the wealthy donor class of creating a plutocracy by bankrolling candidates who would do their bidding and represent their interests in government.