Plutocracy = greed = myoopia= “the decline
and fall”.
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When only money and wealth determine how a society is controlled,
the political system is a Plutocracy.
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When only money and wealth determined how a society is controlled,
the political system is a Plutocracy.
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In many ways, the majority of Americans live in a democracy of minimums,
while the privileged few enjoy a Plutocracy of maximums.
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(Not all 19th- and 20th-century libertarians agreed- a notable counterexample being the individualist anarchist Benjamin Tucker,
who thought patents were a pillar of Plutocracy.).