Saturday, February 03, 2007

Plutocracy - Definition

Plutocracy - Wikipedia

A plutocracy is a form of government where the state's power is centralized in an affluent social class. The degree of economic inequality is high while the level of social mobility is low. This can apply to a multitude of government systems, as the key elements of plutocracy transcend and often occur concurrently with the features of those systems. The word plutocracy itself is derived from the ancient Greek root ploutos, meaning wealth and kratein, meaning to rule or to govern.

No comments: