PLUTOCRACY

WHAT IS
PLUTOCRACY?
• A COUNTRY OR SOCIETY GOVERNED BY
THE WEALTHY.

• A RULING CLASS OF PEOPLE WHOSE

POWER DERIVES FROM THEIR WEALTH.
• THE WORD PLUTOCRACY COMES FROM
THE GREEK WORD PLOUTOS WHICH
MEANS WEALTHY AND KRATOS WHICH
MEANS POWER OR DOMINION RULE.
 CHARACTERISTICS
• IT IS NOT BASED ON RELIGION
• THERE IS NO PARLIAMENT
• THERE IS NO CONSTITUTION
• NO ELECTION
 PLUTOCRACY VS OLIGARCHY
PLUTOCRACY OLIGARCHY

• PLUTOCRACY IS •  IT IS DEFINED AS A

DEFINED AS A STATE, FORM OF
SOCIETY OR GOVERNMENT
GOVERNMENT CONTROLLED OR
CONTROLLED AND RULED BY A SMALL
RULED BY THE AND ELITE GROUP OF
WEALTHY OR A RICH PEOPLE.
WEALTHY CLASS.
 ADVANTAGES
• THERE WILL ALWAYS BE SOME WEALTHY
PEOPLE IN THE COUNTRY.
• PRODUCTIVE INVESTMENTS
DISADVANTAGES
• CLASS CONFLICT
• CORRUPTION
• GREED
• IGNORING SOCIAL RESPONSIBILITIES
• SELFISH MOTIVES
• RULER DOES NOT LISTEN TO THE LOWER
CLASSES, ONLY THE WEALTHY
ETHIOPIA
• SHEIKH MUHAMMEDHUSSEIN AL
AMOUDI
- RULER OF ETHIOPIA (1980’S)