![]() ![]() “A Nice Comparison Between Aristocracy, Plutocracy, and Oligarchy.” OpinionFront, 3 June 2018, Available here.Ģ. However, the main difference between plutocracy and aristocracy is their ruling class plutocracy is the government by the wealthy whereas aristocracy is the government by the nobility, the hereditary ruling class. Plutocracy and aristocracy are two forms of oligarchy, which refers to the rule by an elite few. Moreover, in a plutocracy, the power may not be hereditary, i.e, the children of the ruling class may not always inherit the ruling power other wealthy individuals may come into power. In a plutocracy, the government is exclusively controlled by wealthy people whereas, in an aristocracy, the government is controlled by nobles. Plutocracy is the government by the wealthy whereas aristocracy is the government by the nobility, the hereditary ruling class. However, some countries are sometimes pejoratively called these terms.ĭifference Between Plutocracy and Aristocracy Definition Present-day governments cannot be explicitly called a plutocracy or an aristocracy. ![]() ![]() Plutocracy and aristocracy are two forms of oligarchy, which refers to the rule by an elite few.Similarities Between Plutocracy and Aristocracy This term was first used by Greeks to describe a system where only the best of the citizens were chosen to rule through a careful process of selection. However, the term originates from the Greek word aristokratia, which means the rule of the best. Moreover, we often associate aristocracy with mthe onarchy, which is the rule of a single person, typically a king or queen. In an aristocratic society, the plight of the whole population depends on the ruling class if the aristocrats are benevolent, the people will prosper, but if the aristocrats are avaricious and cruel, the people will suffer. Aristocracy is hereditary since children inherit aristocratic status from their parents. This ruling class consists of aristocrats or nobles, who enjoy social and economic prestige as well as political power. What is AristocracyĪn aristocracy is a form of government where power lies in the hands of the privileged ruling class. City-state of Venice during the 14th century, which was ruled by patricians, can be taken as an example for plutocracy. This term is often used in an insulting way to refer to an unfair system. It is also important to note plutocracy is not exactly an accepted political system or a form of government in the modern world. Moreover, this is typically a self-reinforcing system once a group of wealthy people come into power, they will use their political power and wealth to change the law and system of the country to acquire more money and power. In a plutocracy, there is a wide gap between the rich and the poor. Here, wealthy individuals may not always directly involve in the administration of the country, but they will influence the administration and decision-makers by legal and illegal methods such as bribing, sponsoring election campaigns, and lobbying. In an indirect form of plutocracy, a country will have a regulatory framework and programs that only benefit the wealthy. Plutocracy can refer to a government exclusively controlled by wealthy people either directly or indirectly. The word plutocra,cy itself originates from the Greek word ‘ploutokratia’ ploutos meaning wealth, and kratos meaning power or rule. Plutocracy refers to a society that is ruled or controlled by people of great wealth or income. – Comparison of Key Differences Key TermsĪristocracy, Government, Plutocracy What is Plutocracy ![]() What is the Difference Between Plutocracy and Aristocracy What are the Similarities Between Plutocracy and AristocracyĤ. However, the difference between plutocracy and aristocracy stems depends on the group of people who has control over the government in a plutocracy, it is the wealthy that rules whereas, in an aristocracy, it is the nobility that rules. The main difference between plutocracy and aristocracy is that plutocracy is the government by the wealthy, whereas aristocracy is the government by the nobility, the hereditary ruling class.īoth plutocracy and aristocracy are two forms of oligarchy, which refers to the rule by an elite few. ![]()
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