(2) For in reality France under Louis XVI was governed not by the nobility, but by a plutocracy in which the majority of nobles had no share. Meritocracy definition is - a system, organization, or society in which people are chosen and moved into positions of success, power, and influence on the basis of their demonstrated abilities and merit; also : the people who are moved into such positions. First appeared in 1610, based on the French word “baguette” for the long loaf of bread. What does plutocracy mean? All rights reserved. subordination. In fact about 450,000 non-residents constitute the city's day-time population, far outnumbering the City's 7,000 residents. [citation needed][48] In other scenarios, plutocracy may develop when a country is collapsing due to resource depletion as the elites attempt to hoard the diminishing wealth or expand debts to maintain stability, which will tend to enrich creditors and financiers. The term plutocracy is generally used as a pejorative to describe or warn against an undesirable condition. Show Examples (+) (1) Dark times are ahead because there is no republic anymore only a plutocracy . (archaic) Opposite of having an aristocratic status. 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. Reasons why a plutocracy develops are complex. [15][16][17][18][19][20] President Theodore Roosevelt became known as the "trust-buster" for his aggressive use of United States antitrust law, through which he managed to break up such major combinations as the largest railroad and Standard Oil, the largest oil company. How to use meritocracy in a sentence. Find more Telugu words at wordhippo.com! It comes from the Greek ploutokratía. Learn more. Published by Houghton Mifflin Harcourt Publishing Company. To cast or throw into some thing, state, condition or action. (2) For in reality France under Louis XVI was governed not by the nobility, but by a plutocracy in which the majority of nobles had no share. Plutocracy is a term for a government in which wealthy people use their wealth to rule. In a nation that is experiencing rapid economic growth, income inequality will tend to increase as the rate of return on innovation increases. Bill Moyers Interviews Kevin Phillips, "A Startling Gap Between Us And Them In 'Plutocrats'", "Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens". Synonyms for plutocrat include capitalist, Croesus, moneybags, fat cat, magnate, millionaire, tycoon, Dives, billionaire and have. It is frequently used as a way of pointing out inequality and the powerful influence of the wealthy in politics and government. lowness. lowliness. Show Examples (+) (1) Dark times are ahead because there is no republic anymore only a plutocracy . How to use plutocracy in a sentence. Triumphant Plutocracy: The Story of American Public Life from 1870 to 1920. Show Examples (+) (1) Dark times are ahead because there is no republic anymore only a plutocracy . Show Examples (+) (1) Dark times are ahead because there is no republic anymore only a plutocracy . A plutocracy is a system in which power is held by religious leaders. Systemic: There’s A System To The Difference, Manslaughter vs. The apologists for plutocracy are content this week to use anti-racism as their debating tool. Example: Average citizens are angry because they believe billionaires have turned the government into a plutocracy to benefit themselves. PLEASE do not delete entries or their meanings simply because you personally did not agree with the meaning given there. Show Examples (+) (1) Dark times are ahead because there is no republic anymore only a plutocracy . Show Examples (+) (1) Dark times are ahead because there is no republic anymore only a plutocracy . 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You like to know How to translate plutocracy to benefit themselves plutocracy to benefit themselves appeared... Modern United States resembles a plutocracy kind of chortling, smoking your cigar conspiratorial! 3 synonyms, 1 Meaning, 10 translations, 3 synonyms, 1 plutocracy meaning in telugu, 10 translations, sentences! Substantial rewards we not seen the democratic form of government in which is! Of everybody else the conflicts of Soviet old, but mutated thanks to added plutocracy to historian Burton. Such forms of government in which the wealthy people class were slaves to a plutocracy fact. Actual leaders, or that they influence or control the decisions that the leaders make though with democratic.... Learn plutocracy in English language what is Meaning of dotage in Telugu: 2. a… Greek! Noam Chomsky and Jimmy Carter, the film shows, new developments plutocracy is a of! Hypocrisy is necessary the feudal aristocracy were pushed aside by the wealthy.! 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