What does plutocratic mean?
The term plutocratic refers to a system of government or social structure where power and influence are predominantly held by the wealthy. This can manifest in various forms, such as policies that favor the rich, or institutions that are controlled by affluent individuals. The concept is often associated with criticisms of inequality and undue influence by economic elites. In a plutocratic society, economic power directly translates to political power, which can lead to a self-perpetuating cycle of wealth and influence. Understanding the plutocratic nature of certain systems or institutions can provide insight into issues of social justice and economic fairness.
adjectiveRelating to or characteristic of a plutocracy, a system in which power is held by the wealthy. A plutocratic society is often seen as one where economic influence directly translates to political power.
- Relating to a system of government by the wealthy
- Characteristic of or resembling a plutocracy
"The billionaire's influence on the country's policy was a clear example of the plutocratic nature of its government."
"The new tax laws were criticized for being plutocratic, favoring the rich at the expense of the poor."
"The company's plutocratic management structure was seen as a barrier to innovation."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.
Etymology of plutocratic
The word plutocratic originates from the term plutocracy, which comes from the Greek words 'ploutos' meaning wealth and 'kratos' meaning power or rule. This etymology reflects the concept's focus on the role of wealth in governance.
Usage notes
Often used pejoratively to describe systems or societies seen as unfairly dominated by the wealthy.