![]() Take India and China: Before 1950 per capita income was flat in both countries. ![]() Go to Sao Paulo, Moscow, New Delhi, or Shanghai (or Santiago, Johannesburg, or Ljubljana) and you will see growth, renewal, and manifestations of prosperity unimaginable decades ago. What does this mean for corporate citizenship? However, as the wealth, and attendant power and influence of billionaires (and the many more multi-millionaires) grows, questions are raised about the “fit” between democracy and what seems to a rising plutocracy. students learn that we live in a system of democratic-capitalism. still leads in this count, but its share has declined from one-half of the total a decade ago to one-third today.) Considering the billionaire scorecard overall, it looks like global capitalism is working. ![]() The BRICs (Brazil, Russia, India, and China) added 108 of the 214 new names to the list. Forbes has just published its “2011 Billionaires List” which now numbers 1,200 individuals having with a combined wealth of $4.5 trillion. Meanwhile, the democratic process in established locales like the U.S., as well as Britain and Germany, though conflictual in the case of national budgets, demonstrates the continued vitality of this political system for “doing the public’s business.”Īnother stream of news has to do with the stunning creation of wealth around the world. Brazil, Peru, and other “young” democracies are working through conflicts smoothly (relatively so in case of Peru). In Egypt, Tunisia, and other lands in the Middle East, the public is challenging and in some cases ridding itself of dictators and making moves toward democracy and reform. One set of “news” has to do with the rise of democracy in developing nations and its perturbations in the developed world. Send us feedback about these examples.Scattered new stories, in print, on TV, and on line, point to two different trends that should complement but may clash with one another. These examples are programmatically compiled from various online sources to illustrate current usage of the word 'plutocracy.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Victor Davis Hanson, Arkansas Online, 13 Sep. 2021 Within 40 years, California had created a new plutocracy of Eloi, whose wealth exempted them from all worries about the mundane problems of the distant and despised Morlock others. 2021 Alas, Biden, Speaker Nancy Pelosi, and Senate Majority Leader Charles Schumer seem to be at home in the backroom, even as the Democrats squander the opportunity to break the plutocracy - government of, by, and for the super-rich. 2022 The battle against plutocracy isn’t going to be won in a single piece of legislation, certainly not one against which Manchin and Sinema hold an effective veto. Amanda Chicago Lewis, The New Republic, 4 Apr. Katherine Stewart, The New Republic, 11 July 2022 Social equity pits people with very little wealth and clout against the plutocracy that runs the world, with billions of dollars at stake. 2022 One school of progressive thought says that America has devolved (once again, perhaps) into a plutocracy. 2022 One suspects that his problem with plutocracy isn’t its existence, but that membership in it didn’t save him when a fall guy was needed. 2020 Many billionaires have additionally rigged economic policies in their favor by lobbying and in some cases, assuming government positions, known as a plutocracy, Rebekka Ayres argues in an op-ed for Teen Vogue. Recent Examples on the Web Once among America’s most oppressed populations, her triumph is not only immune to interrogation, so is American plutocracy for having anointed her as its apostle.
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