plutocracy
Now little used, this term describes a situation where political power, in fact rather than in law or constitutional theory, lies with the wealthy. A plutocracy (Greek: πλοῦτος, ploutos, ‘wealth’ and κράτος, kratos, ‘power’) or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631.[1] Unlike systems such as democracy, liberalism, socialism, communism or anarchism,