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Q.

What is plutocracy ??
Give some examples too.

Tags: plutocracy
Asked by prashant sharma, 18 May '08 08:22 pm
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Answers (2)

 
1.

Plutocracy is rule by the wealthy, or power provided by wealth. In a plutocracy, the degree of economic inequality is high while the level of social mobility is low. The word plutocracy is derived from the ancient Greek root ploutos, meaning wealth and kratein, meaning to rule or to govern.Recent examples include Rupert Murdoch's News Corp's alleged political agendas in Australia, the UK and the United States or the oil industry oligarchy, and billionaire Richard Mellon Scaife, which may back right-leaning political action committees (PACs), as well as billionaire George Soros' efforts to influence US politics by backing left-leaning PACs.
Answered by Jack Johnson, 18 May '08 08:28 pm

 
  
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2.

A politicalsystem governed by the wealthypeople ..like Indian Politics or IPL
Answered by Avtar Khalsa, 18 May '08 08:23 pm

 
  
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