Unlike systems such as democracy, capitalism, socialism or anarchism, plutocracy is not rooted in an established political philosophy. The first known use of the term was in 1631. Please read through the new rules for the forum that are an integral part of Paradox Interactive’s User Agreement.
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. What are preqs for the Plutocracy government reform Thread starter BaronNoir Start date Jump to latest Follow Reply Menu We have updated our Community Code of Conduct. They even used lots for posts, such as judges and jurors in the political courts (nomothetai), which had the power to overrule the Assembly. Oligarchy refers to a government system where the governance is under the control of a small group of privileged people. He also believed that oligarchy resulted with degeneration. He believed aristocracy to be the best form of governance with tyranny being the worst. oligarchy, government by the few, especially despotic power exercised by a small and privileged group for corrupt or selfish purposes. The other forms of government discussed by him are Timocracy, democracy, and tyranny. They drew lots from large groups of adult volunteers to pick civil servants performing judicial, executive, and administrative functions (archai, boulē, and hēliastai). Oligarchy and aristocracy are classical regimes or forms of government discussed by Plato, the Greek philosopher.
Aristotle pioneered the use of the term as a synonym for rule by the rich, for which another term commonly used today is plutocracy.Įspecially during the fourth century BCE, after the restoration of democracy from oligarchical coups, the Athenians used the drawing of lots for selecting government officers to counteract what the Athenians saw as a tendency toward oligarchy in government if a professional governing class were allowed to use their skills for their own benefit. As nouns the difference between oligarchy and plutocracy is that oligarchy is a government run by only a few, often the wealthy while plutocracy is government by the wealthy. Throughout history, oligarchies have often been tyrannical, relying on public obedience or oppression to exist. Such states are often controlled by families who typically pass their influence from one generation to the next, but inheritance is not a necessary condition for the application of this term. These people might be distinguished by nobility, wealth, family ties, education or corporate, religious or military control. Definitionally, there is not a lot of room between these, as many oligarchs are wealthy. Oligarchy (from Greek ὀλιγαρχία (oligarkhía) from ὀλίγος (olígos), meaning ‘few’, and ἄρχω (arkho), meaning ‘to rule or to command’) is a form of power structure in which power rests with a small number of people. Answer (1 of 11): I agree with the prior answer, but think it may miss the point of the question.