plutocracy

/pluːˈtɑkrəsi/
noun
  1. A system of government or society where the wealthy class holds power and control.
    • Many critics argue that the country has become a plutocracy, where laws favor the rich.
    • The ancient city-state was once a plutocracy, ruled by its richest merchants.
    • In a plutocracy, ordinary citizens often feel their voices are ignored.
  2. A group or class of wealthy people who control a society or government.
    • The old plutocracy resisted any changes that threatened their wealth.
    • The rise of a new plutocracy has shifted the balance of political power.
    • The nation's plutocracy used its influence to block tax reforms.
Antonyms
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