GRE Vocabulary Lesson: Exploring Plutocracy - When Wealth Holds the Power

This video delves into the concept of plutocracy, a system of government where the wealthy class holds the power and uses it primarily to benefit themselves. We'll examine the meaning, history, and examples of plutocracy, as well as how it differs from related terms like oligarchy and kleptocracy. Understanding plutocracy is crucial for analyzing political systems and social structures, especially in discussions about wealth inequality, campaign finance, and the influence of money in politics.