[Report Abuse]
[Login to Blog] shannalat's Blog
Do you know what this word means
Last comment by shannalat 2 months, 1 week ago.

Take Me To Post Comment Form

Plutocracy. It is a word that was used on a news radio talk show the other day. I have to be honest with you. I wasn't sure what the word meant. I finished listening to the radio show, in an effort to divine the words definition from the conversations depths alas it was to no avail. After the show I looked it up.

Plutocracy describes a society or a system ruled and dominated by the small minority of the wealthiest citizens. The first known use of the term was in 1652.[1] Unlike systems such as democracy, capitalism, socialism or anarchism, plutocracy is not rooted in an established political philosophy.
That is an excerpt from a wikipedia article about the word.
Are you still a little confused? Me too.

I guess I understand a plutocracy is a society in which the minority of the wealthiest citizens make the decisions for everyone. What is confusing is that in the United States we have a democracy and yet we are ruled by the men and women on capitol hill and unless you make 174 000 a year you are not being represented by someone who is, when elected, in the same socio economic place as you. That is right the salary for men and women on capitpol hill doubles the median income of the United States. Why? Why not index the salary to the median income of the nation?


Latest Activity: Aug 12, 2014 at 2:44 PM


Bookmark and Share
Forward This Blog
Print Blog
More Blogs by shannalat
Send shannalat a Message
Report Abuse


Blog has been viewed (105) times.

JimmyMack commented on Tuesday, Aug 12, 2014 at 16:25 PM

Congress has 237 Millionaires, or 44%. I am not sure if that in and of itself makes the USA a plutocracy.

When I think of a plutocracy I see Papa Doc and Baby Doc Duvlalier various ruling tenures as true Plutocrats of that poor, sad nation of Haiti. The populace lives in dirt and bamboo huts while the Duvlaliers lived in marble castles and ate caviar and steak.

We ain't quite there yet in the US but the gap between the rich and poor is expanding exponentially.

shannalat commented on Wednesday, Aug 13, 2014 at 08:34 AM

I think you are right we are not there yet, but the road to getting there is being paved at a rapid rate.


Log In to post comments.

Previous blog entries by shannalat
 
A shameless plug
October 08, 2014
Hey everyone my favorite blogger john3corrigan who blogs here www.john3corrigan.com has written a book you can buy it here http://john3corrigan.com/books/ He really will send you a hand written note to. If you buy one of the books.
Read More »
 
he did say 40 years
September 30, 2014
So I was listening to an interview with Peter Thiel. For anyone who doesn't know who Peter Thiel is you can see here http://en.wikipedia.org/wiki/Peter_Thiel In case you do not wish to follow the link.. Peter Thiel was one of the cofounders of paypal. He now works as a venture capitalist ...
Read More »
 
what does everyone think?
September 12, 2014
Does anyone else feel it would make the United States or the world better if the United States spends what was it 50 million dollars? to train Syrian rebels? I am not a big fan of training the enemy of my enemy who may be my enemy. I mean and ...
Read More »
 
Some deep Friday thoughts
September 12, 2014
I am pasting a reblog from another website www.john3corrigan.com paste /////////////////-----------------------///////////////// We all have our ways to do it Posted: September 12, 2014 in Uncategorized Tags: school system Life. We all have our ways of living it don’t we? We approach it with a wonderful uniqueness that makes the world ...
Read More »
 
Somalia really?
September 11, 2014
Ok, does anyone else have a problem with the president of the United States now? I can't believe he used Somalia as an example for eradicating terrorists. First of all, terrorists are thriving and growing in Somalia. Second Somalia as a nation is a mess. I am kind of ashamed ...
Read More »
 
[View More Blogs...]





 
Powered by
Morris Technology