According to Kevin Phillips, author and political strategist to U.S. In modern times, the term is sometimes used pejoratively to refer to societies rooted in state-corporate capitalism or which prioritize the accumulation of wealth over other interests.
PLUTOCRACY ANTONYM CODE
For the Nazis, the term was often a code word for "the Jews". "Plutocracy" replaced " democracy" and " capitalism" as the principal fascist term for the United States and Great Britain during the Second World War. In the political jargon and propaganda of Fascist Italy, Nazi Germany and the Communist International, western democratic states were referred to as "plutocracies", with the implication being that a small number of extremely wealthy individuals were controlling the countries and holding them in ransom. Mass media outlets, seeking to gain larger advertising profits through increased viewership, may also alter public perception of issues, political groups and candidates by pandering to what they think a given target audience wants to see and hear. Many corporations and special interest groups pay lobbyists to press elected officials for favorable legislation. In the United States, currently, 250 members of Congress both Democratic and Republican are millionaires, with 57 belonging to the top 1% of American wealthy. Quite often, wealthy individuals either finance their own political campaigns or leverage their affiliations with other wealthy persons and organizations to do so on their behalf. These include honours such as medals and honorary titles dating back to the nation's feudal era. The UK, for example, uses a variety of means to reward individuals that hold the same values or interests. Some systems even specifically provide for such patronage. Even the granting of appointed positions to a well-documented contributor may not cross the line of the law, particularly if it happens that the contributor can actually boast a qualified resume.
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A core basis of democracy, being a politician's ability to freely advocate policies which benefit his or her constituents, also makes it difficult to prove that doing so might be a crime.
PLUTOCRACY ANTONYM PRO
While quid pro quo agreements are generally illegal in most democracies, they are notoriously difficult to prove short of a well-documented paper trail.
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If not, it is in their self-interest to fund a different candidate or political organization. In fact, while campaign donations need not directly affect the legislative decisions of elected representatives, the natural expectation of donors is that their needs will be served by the person they donated to. Whether through individuals, corporations or advocacy groups, such donations are often believed to engender a cronyist or patronage system via which major contributors are rewarded on a more or less quid pro quo basis.
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In the modern era, democratic republics around the world permit fundraising for politicians, who rely heavily on such income for advertising their candidacy to the voting public. Historically and by the nature of their existence, wealthy minorities have always exerted influence over the political arena. Please do not remove this message until the dispute is resolved. Please see the discussion on the talk page.
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The neutrality of this section is disputed. The principal justification for the non-resident vote is that about 450,000 non-residents constitute the city's day-time population and use most of its services, far outnumbering the City's 9000 residents. Its ancient wards have very unequal numbers of voters. Most of its voters are representatives of businesses and other bodies that occupy premises in the City. The City (not the whole of modern London but the area of the ancient city, which now mainly comprises the financial district) has a unique electoral system. One modern, perhaps unique, formalised example of a plutocracy is the City of London. Examples of such plutocracies include the Roman Republic, some city-states in Ancient Greece, the civilization of Carthage, the Italian city-states/ merchant republics of Venice, Florence, Genoa, and pre-World War II Empire of Japan zaibatsus. The former indicates the political control of the state by an oligarchy of the wealthy. The term plutocracy is generally used to describe these two distinct concepts: one of a historical nature and one of a modern political nature.