What kind of government is plutocracy?

Plutocracy is a government controlled exclusively by the wealthy, either directly or indirectly. A plutocracy allows, either openly or by circumstance, only the wealthy to rule.

What is difference between plutocracy and oligarchy?

Oligarchy refers to the government system ruled and controlled by a small group of privileged people whereas plutocracy refers to the government system ruled and controlled by a wealthy minority.

What theocracy mean?

government by divine guidance
theocracy, government by divine guidance or by officials who are regarded as divinely guided. In many theocracies, government leaders are members of the clergy, and the state’s legal system is based on religious law.

What are some disadvantages of a theocracy?

What Are the Cons of a Theocracy?

• Minority groups are not often tolerated within a theocracy.
• It is a governmental structure which encourages discord.
• Businesses can operate only if they follow the same religious principles.
• Unique individuals each have their own unique faith.

What is the difference between plutocracy and theocracy?

Plutocracy is very different because it’s only about having wealth, not belonging to a supposedly “better” class of people. Theocracy, or rule by the clergy. The governing elites may be religious authorities such as priests or mullahs who rule in accordance with their interpretation of religious law.

Is plutocracy the oldest form of government?

The History and Importance of Plutocracy Some people imagine that plutocracy is the oldest form of government in the world; they imagine that our ancient ancestors, long before the modern age of science, capitalism, and democracy, were ruled by powerful, wealthy leaders who could do whatever they wanted because they had all the resources.

What is Plato’s argument against plutocracy?

‘To a city most of all, since it’s the most difficult and most important kind of rule.’” ( Plato, The Republic) Over 2,000 years ago, the Greek philosopher Plato developed some of the first arguments against plutocracy.

Do theocracies exist in the United States?

Although Islamic theocracies often receive the most attention in western culture because of the presence of sharia law, Christian theocracies (such as the Holy See) also exist. It should also be noted that many conservative evangelical Christians in the United States see their elected officials in this role, even at the state and local levels.