Plutocracy definition4/3/2023 Ĭommunism is a centralized form of government led by a single party that is often authoritarian in its rule. The county founded its republic in 1944 and has since risen to become one of the world's highest-ranked democracies through systems of social welfare, universal health care, and tertiary education. After signing a treaty with Denmark in 1918, Iceland became a fully independent and sovereign state. An independent commonwealth, monarchs, and colonial governments ruled the island for thousands of years. Iceland had numerous forms of government following its settlement in 874 AD. Democracies advocate for fair and free elections, civic participation, human rights protections, and law and order. The result is a system that requires discourse, debate, and compromise to satisfy the broadest possible number of public interests, leading to majority rule. The primary goal is to govern through fair representation and prevent abuses of power. Then the plutocrats are allowed to legally bribe politicians in form of campaign contributions so that they can screw the rest of us.Democracy is a form of government that allows the people to choose leadership. We’re such an exceptional nation that the poor, working poor and the middle class workers pay the taxes that plutocrats don’t pay. The 'green dream (or whatever)' is thus eminently realizable." "There is no conflict between climate mitigation and economic growth, only between the interests of reactionary plutocrats and those of the general public. This creates the illusion that those systems work. Meanwhile those who've been crushed by existing systems are voiceless. Part of the problem is that the most influential voices are people for whom the status quo has worked out well. It usually implies that such people run governments that are corrupt and oppressive. Plutocrat is almost always used in a critical way. The term plutocrat can refer to a person who’s a part of a plutocracy in any of the senses of the word.Įxample: Average citizens are angry because they believe billionaires have turned the government into a plutocracy to benefit themselves and their fellow plutocrats. It can also refer to the wealthy class that is using wealth to rule, as in The businessman was accused of being a member of the plutocracy. Plutocracy can also refer to the power that this kind of wealth can allow, as in His latest column explains his belief that the government has been corrupted by plutocracy. Plutocrat is used in the same way.Ī country that is thought to have a plutocratic government can also be referred to as a plutocracy, as in Many outsiders saw the nation as an oppressive plutocracy. It is frequently used as a way of pointing out inequality and the powerful influence of the wealthy in politics and government. Plutocracy is never used as an official term for a form of government (like democracy is, for example)-it’s almost always applied as a criticism of such situations. In a plutocracy, the plutocrats may be the actual leaders, or they may influence or control the decisions that the leaders make. A plutocrat is a wealthy person who rules or influences leaders in a plutocracy-a government in which wealthy people use their wealth to rule.
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