Plutocracy

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A plutocracy (from Ancient Greek πλοῦτος (ploûtos) 'wealth' and κράτος (krátos) '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 most political systems, plutocracy is not rooted in any established political philosophy.^[2]