This is because, they represent the voice of a minority, who is more inclined to work selfishly for their own interests rather than that of the state. The terms plutocracy and oligarchy are almost always used to convey a negative impression, especially the latter. The term oligarchy is derived from the Greek term ‘oligarkhía’, in which ‘olígos’ means ‘few’, and ‘arkho’ means ‘to conquer’.
The term plutocracy is derived from the Greek word ‘ploutokratia’, in which ‘ploutos’ means ‘wealth’, and ‘kratos’ means ‘power’ or ‘rule’. The term aristocracy was drawn from the Greek word ‘aristokratia’, in which ‘aristos’ means ‘superior’, and ‘kratos’ means ‘power’. DefinitionĪn aristocracy is a type of government run by members of the traditional elite of a society, who are considered the most fit to rule.Ī plutocracy is a form of government run, or influenced by, the wealthiest members of society.Īn oligarchy is a form of government in which power is vested in the hands of a small group, because of factors which favor them, like wealth, race, political connections, military capability, education, etc. This article specifically deals with the differences and comparison between an aristocracy, plutocracy, and oligarchy. Thankfully, most of these systems were used more in historical times. While that may have got you thinking of a monarchy, there are other systems which fit this description too, such as an oligarchy, theocracy, plutocracy, dictatorship, aristocracy, to name a few. However, there are many other forms of government where the future of politicians doesn’t depend on our votes. Most of us don’t even spare a thought for such civil rights as we go about our daily lives.
Governments of most countries around the world, except a handful, are democracies, where we are allowed to select a leader who represents our ambitions. It also strives to attain the common aspirations of its society as a whole. The government of a country plays a vital role in fulfilling the needs of its citizens, and defending them from conflicts. There is a political belief called the ‘iron law of oligarchy’, which says that no matter what kind of government a country may have, it ultimately turns into an oligarchy. A more detailed comparison between these government systems is given here, along with a few modern and historical examples, for a better understanding. The main difference between an aristocracy, plutocracy, and oligarchy is in the group that holds political power.
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