Chrysocracy

/ˌkrɪsoʊˈkrəsi/ noun

Definition

Government or rule by the wealthy, where money and gold determine political power rather than merit or democracy.

Etymology

From Greek chrysos (gold) + -cracy (rule or government). This is modeled on words like 'democracy' and 'aristocracy,' but substitutes 'gold' to indicate rule by the rich.

Kelly Says

Chrysocracy perfectly captures something Aristotle warned about over 2,300 years ago—that if wealthy people have too much power to make laws that favor themselves, democracy dies quietly while everyone's distracted by the economy!

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