![]() ![]() " Report of the Committee Appointed Pursuant to House Resolutions 429 and 504 to Investigate the Concentration of Control of Money and Credit,". ![]() 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. Oligarchy, Aristocracy, and Plutocracy Historically, oligarchies have sometimes been synonymous with aristocracies, which were ruled by members of a noble class, or with plutocracies, in which wealthy. " Small Businesses Already Hurt by Coronavirus Face More Devastation Due to Looting." Accessed July 26, 2021. In evaluating an oligarchic system of government, the extent to which those attempting join the ruling elite are excluded is also significant. However, unlike a plutocracy, this group of people. " Tech’s Top Seven Companies Added $3.4 trillion in Value in 2020." Accessed July 26, 2021.ĪBC News. Oligarchy defines a political structure in which power is concentrated within a small group of people. 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. ![]()
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