Word of the day

The word for today is…

plutocracy (noun) – 1. Government by the wealthy.
2. A wealthy class that controls a government.
3. A government or state in which the wealthy rule.

Source : The Free Dictionary

Etymology : 1650s, from Greek ploutokratia “rule or power of the wealthy or of wealth,” from ploutos “wealth” + -kratia “rule”. Synonym plutarchy is slightly older (1640s). Pluto-democracy “plutocracy masquerading as democracy” is from 1895.

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