Plutocracy vs. oligarchy
![plutocracy vs. oligarchy plutocracy vs. oligarchy](https://pediaa.com/wp-content/uploads/2019/02/Difference-Between-Oligarchy-and-Plutocracy_Figure-2.jpg)
is that oligarchy is a government run by only a few, often the wealthy while plutocracy is government.
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Unlike systems such as democracy, capitalism, socialism or anarchism, plutocracy is not rooted in an established political philosophy. As nouns the difference between oligarchy and plutocracy. The first known use of the term was in 1631. Plutocracy (Greek: πλοῦτος, ploutos, ‘wealth’ + κράτος, kratos, ‘rule’) or plutarchy, is a form of society defined as being ruled or controlled by a function of wealth or higher income. They even used lots for posts, such as judges and jurors in the political courts (nomothetai), which had the power to overrule the Assembly. They drew lots from large groups of adult volunteers to pick civil servants performing judicial, executive, and administrative functions (archai, boulē, and hēliastai).
#Plutocracy vs. oligarchy professional
Aristotle pioneered the use of the term as a synonym for rule by the rich, for which another term commonly used today is plutocracy.Įspecially during the fourth century BCE, after the restoration of democracy from oligarchical coups, the Athenians used the drawing of lots for selecting government officers to counteract what the Athenians saw as a tendency toward oligarchy in government if a professional governing class were allowed to use their skills for their own benefit. Throughout history, oligarchies have often been tyrannical, relying on public obedience or oppression to exist. A plutocracy is an oligarchy in which the ruling class is made up of extremely wealthy individuals who use their money to influence policy, typically with. Such states are often controlled by families who typically pass their influence from one generation to the next, but inheritance is not a necessary condition for the application of this term. In an oligarchy, a few wealthy citizens rule over the masses. In a democracy, citizens vote for their representatives who make decisions on their behalf. These people might be distinguished by nobility, wealth, family ties, education or corporate, religious or military control. The main difference between oligarchy vs plutocracy is that in an oligarchy, only the wealthy are included in the decision-making process while in a plutocracy, anyone with wealth has a say. Oligarchy (from Greek ὀλιγαρχία (oligarkhía) from ὀλίγος (olígos), meaning ‘few’, and ἄρχω (arkho), meaning ‘to rule or to command’) is a form of power structure in which power rests with a small number of people.