These example sentences are selected automatically from various online news sources to reflect current usage of the word 'plutocracy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. 2021 Inequality is one of the biggest barriers to a functioning democracy: To turn around a slide into plutocracy, Democrats need to address the fact that two-thirds of Americans are living paycheck to paycheck right now.Ĭlio Chang, The New Republic, 9 Jan. John Cassidy, The New Yorker, 8 June 2021 Once before, in the aftermath of the Great Depression, similar rhetoric about the dangers of plutocracy helped cement a Democratic majority that endured for decades. 2021 In recent decades, as the stock market has soared, the vast fortunes amassed by some members of the plutocracy have largely escaped taxation. 2 The gap in life expectancy between the rich and the poor diminishes the international standing of the United States when compared with peer countries. Victor Davis Hanson, Arkansas Online, 13 Sep. In country after country, they have looted national economies at the expense of local populations, consolidating wealth in unprecedented fashion - the top economic one-tenth of one percent is currently holding over 40 trillion in investible wealth, not counting an equally significant amount of wealth hidden in offshore accounts. 2021 Within 40 years, California had created a new plutocracy of Eloi, whose wealth exempted them from all worries about the mundane problems of the distant and despised Morlock others. The 400 richest Americans, a group plenty small enough to be called a collusive oligarchy, now control as much wealth as the bottom 50 of Americans. 2021 Alas, Biden, Speaker Nancy Pelosi, and Senate Majority Leader Charles Schumer seem to be at home in the backroom, even as the Democrats squander the opportunity to break the plutocracy - government of, by, and for the super-rich. A 2014 study shows that the top 0.1 of Americans (300,000) now own as much wealth as the bottom 90, 286 million of us. A country that is thought to have a plutocratic government can also be referred to.
2022 The battle against plutocracy isn’t going to be won in a single piece of legislation, certainly not one against which Manchin and Sinema hold an effective veto. Plutocracy definition, the rule or power of wealth or of the wealthy. We are speaking now of the great growth in economic inequality and the consequent plutocracy that has emerged in modern industrial nations since the mid-20 th. Katherine Stewart, The New Republic, 11 July 2022 Social equity pits people with very little wealth and clout against the plutocracy that runs the world, with billions of dollars at stake.Īmanda Chicago Lewis, The New Republic, 4 Apr. Owners of your nations bank can be citizens of your country or of any other, but they are always anonymous, and always the ULTRA super rich (Usr), and always.
Recent Examples on the Web One school of progressive thought says that America has devolved (once again, perhaps) into a plutocracy. According to a common interpretation, the heyday of plutocratic funding of political parties in countries such as the United States and Britain was in the.
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