PLUTOCRATIC Meaning and
Definition
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Plutocratic is an adjective used to describe a society or a system of government that is characterized by the dominance or influence of the wealthy and powerful elite. The term derives from the Greek words "ploutos" meaning wealth, and "kratos" meaning power or rule, thus directly translating to "rule by the wealthy."
In a plutocratic society, the economic and political power is concentrated in the hands of a small group of individuals or families who control a significant portion of the wealth and resources. This elite class often enjoys privileges and advantages that are not accessible to the majority of the population, perpetuating social and economic inequality.
Plutocracy is often associated with the accumulation of wealth and the pursuit of self-interest among the ruling class, potentially resulting in the neglect or disregard of the needs and welfare of the less affluent members of society. Critics argue that plutocratic systems can lead to a lack of social mobility and democratic representation, as the interests of the rich can effectively influence policy-making and decision-making processes.
However, it is important to note that the term "plutocratic" is not always used negatively, as some argue that the influence of the wealthy can contribute to economic growth and development. The perception and evaluation of plutocracy largely depend on whether it is seen as a fair and balanced system that takes into account the interests and well-being of all members of society.
Common Misspellings for PLUTOCRATIC
Etymology of PLUTOCRATIC
The word "plutocratic" derives from the combination of two ancient Greek roots: "ploutos" meaning "wealth" and "kratos" meaning "power" or "rule". The term "plutocracy" was coined in the mid-17th century to describe a form of government or society where power is primarily held by the wealthy or the ruling class based on their economic status. This aristocracy of wealth is often associated with significant influence and control over political and economic decisions.
Similar spelling words for PLUTOCRATIC
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