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1 : government by the wealthy 2 : a controlling class of the wealthy
Merriam Webster is a dictionary and is old and well known source for gathering definitions.
“Plutocracy.” Merriam-Webster, Merriam-Webster, 15 Mar. 2018, www.merriam-webster.com/dictionary/plutocracy.
A system of government in which the richest people in a country rule or have power
Cambridge Universities site has a .org domain and is a college website. The definition is also similar to other examples.
“Definition of ‘Plutocracy’ - English Dictionary.” Plutocracy Definition in the Cambridge English Dictionary, Cambrige Dictionary, dictionary.cambridge.org/us/dictionary/english/plutocracy.
Plutocracy (Greek: πλοῦτος, ploutos, 'wealth' + κράτος, kratos, 'rule') or plutarchy, is a form of society defined as being ruled or controlled by a function of wealth or higher income.
Wikipedia can be changed by anyone but Wikipedia's source is based off of Merriam Websters definition and elaborates by combining the two definitions Merriam Webster has.
“Plutocracy.” Wikipedia, Wikimedia Foundation, 4 Apr. 2018, en.wikipedia.org/wiki/Plutocracy.
A plutocracy is a system of rule by people of wealth,
The Author is David Korten an author and a former professor of Harvard university. He is a strong believer that the USA is a plutocratic society.
“American Plutocracy.” American Plutocracy, David Korten, 10 Sept. 2010, davidkorten.org/plutocracy/.
"Some say the era of the de facto rule of the mighty top 10%, or top 1%, or whatever insidious sliver of the income distribution is thought to constitute the moneyed power elite, is upon us, or nearly so."
The economist is a subscription based so it can keep funding from multiple people rather than advertisements (and influences) from large corporations. It also is foreign which can make it have a less biased viewpoint than domestic US news companies.
W., W. “The Road to Plutocracy.” The Economist, The Economist Newspaper, 13 May 2011, www.economist.com/blogs/democracyinamerica/2011/05/money_and_politics.
Plutocracy in Fiction. "The Trade Federation" http://starwars.wikia.com/wiki/Trade_Federation
The Trade Federation is a gigantic interstellar shipping and trade conglomerate in the Star Wars universe. The trade Federation is run by a few Nemoidians (aliens known for their business skills and trading practices). The trade federation leaders are some of the wealthiest in the galaxy and use their wealth and size of the corporations to control entire planets. One of their common methods is to block all trade in and out of a planet until the planet is theirs to command. The large army the Trade Federation commands (the droid army seen in the prequel movies) aids in the conquering of planets .Once under control the the Trade Federation uses its people and resources to expand their control. Their power and influence is so great that even the centralized galactic republic views the Trade Federation as an opponent. Their unfair rule and attacks on the Republic ultimately lead the two governments to go to war with each other.
Plutocracy in reality. Russia
https://www.pbs.org/wgbh/frontline/article/inequality-and-the-putin-economy-inside-the-numbers/
http://time.com/money/4641093/vladimir-putin-net-worth/
Russia has a huge wealth gap. According to PBS 111 people in Russia control 19 percent of all household wealth. The people who control the money tend to have significantly more influence than people who have nothing. Russia also has a population where 4 out of 5 people have $10,000 in wealth. This reinforces the fact of where the wealth is distributed in Russia's population.
The Shaun Walker of the Guardian says "With the richest 10% owning 87% of all the country’s wealth, Russia is rated the most unequal of the world’s major economies." In recent news Russian Prime minister Dmitry Medvedev has gathered multiple yachts, luxury properties and vineyards in his time in office. According to TIME, Vladmir Putin is said to be worth anywhere from 40 billion to 200 billion.
These two men are some of Russia's most important and are highly influential because of their wealth and their position in government. That is why Russia is a plutocracy.
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