StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Analysis of Plutocracy - Essay Example

Cite this document
Summary
This essay discusses a definition of a system or a society which is dominated and ruled by the negligible minority of the citizens who are the wealthiest as plutarchy. In this paper, the focus shall be laid on the views that are held by different individuals…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
Analysis of Plutocracy
Read Text Preview

Extract of sample "Analysis of Plutocracy"

Analysis of PlutocracyPlutocracy, which is also referred to as plutarchy is a definition of a system or a society which is dominated and ruled by negligible minority of the citizens who are the wealthiest. The term has in most cases been used pejoratively in attempt to explain certain conditions which are undesirable. In this paper, focus shall be laid on the views that are held by different individuals as displayed in the article. The first article is by Michael Brenner, a Senior Fellow at the Center for Transatlantic Relations.

According to Brenner, Plutocracy is the rule of the rich. He notes that such rule can take varied forms. First, that some of the individuals who are at the helm of authority are rich and it is the wealth they possess that defines why they are in the high offices. The authority which such people exercise works in favor and the interest of the rich people. The actions that individuals in offices take are influenced by them since they have the primary influence on who hold the offices. Brenner notes that these aspects of plutocracy would not necessarily be exclusive.

At some point, the government of the rich and for the rich may not be actually run by the rich. Brenner identifies certain circumstances in which United States may be seen to be practicing plutocracy. One of the features of USA for the past decade is the gross income redistribution. He points at the statistics that points that since 1973, approximately 80% of the wealth generated nationally has gone to the 2% of the upper class America. Brenner points a few matters that define Plutocracy, including the suspension of equal application and protection by the law and when mega banks make profits which are illicit through laundering of money for the drug cartels.

The second article that the study needs to examine is the Robert Reich article in which he discusses The Koch Brothers and the Danger of American Plutocracy. In his argument, he points that blame should not be directed towards Charles and David Koch for having more wealth compared to the 40% of the Americans at the bottom put together. He notes that the two individuals have played by the rules and have obeyed the law, even with their petrochemical empire. Reich points that the point of departure from the rules is the efforts that the two brothers are making to use their wealth to change those particular rules in their favor.

This action would be directly undermining the democracy that America has endeavored to protect. Reich does not see any problem with the accumulation of wealth as the Koch brothers have, but he notes that problem always arise with the political system, which always has a tendency to bend towards where money is. As such, there is a continual combination of the two, leads to even greater accumulation of wealth and concentration of political power. This is what had tilted the playing field in favor of the Koch brothers against other Americans.

References Brenner, M. (2013, April 1). Plutocracy in America. The Huffington Post. Retrieved May 6, 2014, from http://www.huffingtonpost.com/michael-brenner/plutocracy-in-america_b_2992965.htmlReich, R. (2014). The Koch Brothers and the Danger of AmericanPlutocracy. BillMoyerscom.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Plutocracy Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
Retrieved de https://studentshare.org/history/1644973-plutocracy
(Plutocracy Essay Example | Topics and Well Written Essays - 500 Words)
https://studentshare.org/history/1644973-plutocracy.
“Plutocracy Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/history/1644973-plutocracy.
  • Cited: 0 times

CHECK THESE SAMPLES OF Analysis of Plutocracy

Summary of global report on conflict governance and state fragility 2011

Summary of Global Report on Conflict Governance and State Fragility 2011 Table of Contents Overview 3 Summary 3 Reference 8 Overview The aspects concerning governance, conflict and fragility are often regarded as the important dimensions of societal system.... hellip; The study of one of these dimensions is not possible without the explanation of the other two....
4 Pages (1000 words) Essay

How Capitalism Is Killing Democracy by Robert Reich

In the paper “How Capitalism Is Killing Democracy by Robert Reich” the author focuses on capitalism, which is on a rampage to decimate democracy because the pursuit of profit has possessed the minds of corporate entities as well as investors and customers.... hellip; The author states that the eventual success of capitalism, fueled by billions of dollars of plutocratic money as well as the desire of governments for high economic growth that would hopefully position them as one of the highly industrialized and/or commercialized economies in the world, has created a huge monster....
3 Pages (750 words) Article

Status Anxiety by Alain de Botton

analysis: Many individuals consider their occupation to be something that brings them their position and respect.... analysis: A person should not care much about status.... The current essay will investigate what are the respective thesis in De Botton's chapter on meritocracy and Gladwell's chapter on hockey....
2 Pages (500 words) Essay

Democracy and the Prelude to the Russian Revolution

As a function of such a reality, the following analysis will engage the reader with a discussion… the manner through which the early Duma of the Russian Empire; following this process from approximately 1906 until 1914 (or the outbreak of the First World War).... Whereas the Russian Revolution has been studied in great depth by a litany of different historians, the underlying causes for this revolution are not nearly so commonly discussed....
5 Pages (1250 words) Assignment

The Rise of Plutocrats

reeland (2012) identifies neoliberalism, economic globalization and change in technology as some of the emerging issues in this era that influences the emergence of plutocracy.... Neoliberalism has facilitated the emergence of plutocracy through the strengthening of the belief that despite the social position we hold in the society at birth, we are well placed to rise to the top by utilizing our talent (Gardels, 2013)....
6 Pages (1500 words) Essay

Labor History: Bread and Roses Critique

This essay Essense of Music explores the industrial action, which involved mass unison from dozens of immigrants under the autocracy and dictatorship of the Industrial Workers of the World, was largely encompassed of women ring leaders.... … According to the report the sole objective of this paper is to screen the reasons why the song is worth recalling for decades....
6 Pages (1500 words) Essay

Are Modes of Resistance Different in Democracies than in Monarchies

ith the tragic death of Antigone toward the end, the play lends itself to further reflection and analysis regarding the socio-political context in which the event takes place.... The essay "Are Modes of Resistance Different in Democracies than in Monarchies?... describes political theory about monarchy and democracy....
5 Pages (1250 words) Essay

The Limits of Autocracy: The Ming Dynasty by Buckley

Such analysis provides an anecdote for the wisdom in leadership, erotic governance, and division of resources.... The paper "The Limits of Autocracy: The Ming Dynasty by Buckley" examines the circumstances that led to the rise of Ming Taizu to power and the subsequent rebellion....
1 Pages (250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us