![]() For example, if a favourite subject was granted a Dukedom, that rank would often come with certain rights and privileges that could translate to power within society. In a system of aristocracy, the power is related to (or granted to) a person relative to their social status or noble heritage. ![]() Yet, on closer examination, there are a number of subtle yet significant distinctions that differentiate the aristocrats from the plutocrats. These two social systems – an aristocracy and a plutocracy – do have a number of features in common, and on occasion, they may appear identical to casual observers. What’s the Difference Between an Aristocracy & a Plutocracy? whether the wealth dictates which leaders will be granted certain positions of power, or an unofficial state of affairs, where individuals take advantage of their wealth to attain power. In a similar way to an aristocracy, a plutocracy can vary in its official status, i.e. When their wealth allows them to maintain power, control and influence over a society, this is an example of a plutocracy.Ī common hallmark of a plutocracy is that of a group of wealthy individuals who collectively maintain control over a social group using their financial advantages. An example from history would be that of a wealthy dictator, who uses their vast riches and resources to assume control of a region or population. those in power are elected to (or tolerated in) positions of governance purely as a result of their wealth. Again this can be an official state of affairs, i.e. In the simplest terms, plutocracy means that those with the wealth and riches hold the power. What is a Plutocracy?Ī common definition of a plutocracy is ‘a society that is governed by the wealthiest of its members’. These powers of influence may seem trivial, (often they can be as simple as an invitation to afternoon tea), yet they signify social acceptance or social exclusion, which can have far-reaching effects within the highest social circles and all the influence they bestow. It may also be a less official (but no less impactful) social agreement, such as the unspoken yet powerful social mores of who and what the aristocracy permit within their circles.Īn example of this is the power that certain social invitations can bestow upon those who are invited, versus those who are excluded. For example, the aristocracy may literally hold the power of governance over lower social groups, as with the feudal lords who governed the local peasant folk and villagers during medieval times. Louis de Silvestre, Public domain, via Wikimedia Commons
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