![]() ![]() Ayanna Pressley Calls for 'Unrest in the Streets' Over the Failures of the Trump Administration." Accessed July 26, 2021.įederal Reserve Bank of St. " Kamala Harris Tweeted Support for a Bail Fund, But the Money Didn’t Just Assist Protesters," Accessed July 26, 2021.īlack Enterprise. " Small Businesses Already Hurt by Coronavirus Face More Devastation Due to Looting." Accessed July 26, 2021. " Tech’s Top Seven Companies Added $3.4 trillion in Value in 2020." Accessed July 26, 2021.ĪBC News. Job Losses and Pandemic Profiteers." Accessed July 26, 2021.ĬNBC. " The Effects of the COVID-19 Pandemic on Small Businesses," Accessed July 26, 2021. " Pandemic Revives Calls To Ban Lawmakers From Bunking In Their Offices," Accessed July 26, 2021. " Majority of Lawmakers in 116th Congress Are Millionaires." Accessed July 26, 2021. " How Increasing Wealth Concentration and Inequality Leads to Less Generous State Welfare Policies." Accessed July 26, 2021.Ĭenter for Responsive Politics. " Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens." Accessed July 26, 2021. ![]() " American Plutocracy." Accessed July 26, 2021.Ĭambridge University. ![]() " Wealth of Congress: Richer Than Ever, but Mostly at the Very Top." Accessed July 26, 2021. The concern of inadvertently creating a plutocracy is that the regulatory focus will be narrow and concentrated on the goals of the wealthy, creating even more income and asset-based inequality. Instead, it can be created through the allowance of access to certain programs and educational resources only to the wealthy, thereby making it so that the wealthy hold more sway. Plutocracy doesn't have to be a purposeful, overt format for government. Plutocracy is not to be confused with oligarchy, which defines a political structure in which power is concentrated within a small group of people that are not necessarily wealthy.The Roman Empire was considered a form of plutocracy in which a Senate consisting of the wealthy aristocracy had the power to elect local administration officials and propose new policies. Plutocracy has been present since ancient times.Commentators state that rising income inequality has converted America into a plutocracy, with Congress getting richer on average.Indirectly, plutocracy can take the form of regulatory frameworks and programs designed to benefit only the wealthy.Plutocracy is a system of rule by the wealthy, directly or indirectly.These example sentences are selected automatically from various online news sources to reflect current usage of the word 'plutocracy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Victor Davis Hanson, Arkansas Online, 13 Sep. 2021 Within 40 years, California had created a new plutocracy of Eloi, whose wealth exempted them from all worries about the mundane problems of the distant and despised Morlock others. 2021 Alas, Biden, Speaker Nancy Pelosi, and Senate Majority Leader Charles Schumer seem to be at home in the backroom, even as the Democrats squander the opportunity to break the plutocracy - government of, by, and for the super-rich. 2022 The battle against plutocracy isn’t going to be won in a single piece of legislation, certainly not one against which Manchin and Sinema hold an effective veto. Amanda Chicago Lewis, The New Republic, 4 Apr. Katherine Stewart, The New Republic, 11 July 2022 Social equity pits people with very little wealth and clout against the plutocracy that runs the world, with billions of dollars at stake. ![]() 2022 One school of progressive thought says that America has devolved (once again, perhaps) into a plutocracy. 2022 One suspects that his problem with plutocracy isn’t its existence, but that membership in it didn’t save him when a fall guy was needed. 2020 Many billionaires have additionally rigged economic policies in their favor by lobbying and in some cases, assuming government positions, known as a plutocracy, Rebekka Ayres argues in an op-ed for Teen Vogue. Recent Examples on the Web Once among America’s most oppressed populations, her triumph is not only immune to interrogation, so is American plutocracy for having anointed her as its apostle. ![]()
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