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A plutocracy (from Ancient Greek πλοῦτος (ploûtos) ‘wealth’, and κράτος (krátos) ‘power’) or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. Unlike most political systems, plutocracy is not rooted in any established political philosophy.
government by the wealthy.“the attack on the Bank of England was a gesture against the very symbol of plutocracy”
a country or society governed by the wealthy.plural noun: plutocracies“no one can accept public policies which turn a democracy into a plutocracy”
an elite or ruling class of people whose power derives from their wealth.“officials were drawn from the new plutocracy”
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