Interestingly “free and fair elections”, so it can rightly said the200 business leaders, Google, Facebook Twitter etc have established a plutocracyas they are all intentionally interfering in our elections and it’s becoming more and more blatant that they consider the can control all fear people.
By Robert Longley
Updated February 10, 2021
Plutocracy is a term describing a society governed either directly or indirectly by extremely wealthy people. A common characteristic of plutocracy is the frequent enactment of government policies that benefit the wealthy, often at the expense of the lower classes. Since plutocracy is not a recognized political philosophy or form of government, its existence is rarely admitted or defended. Instead, the word is typically used in criticizing what is considered to be an unjust system.
Plutocracy Definition
Plutocracy describes a recognized type of government, such as democracy, communism, or monarchy, that either intentionally or by circumstance allows the wealthy to control most political and economic aspects of the society. Plutocracy can be created either directly by enacting economic policies advantageous to the wealthy, like investment tax credits, or indirectly by making vital social resources such as education and health care more easily accessible to the wealthy than to the less financially advantaged classes.
While plutocracy might be found to some degree in all forms of government, it is far more likely to become permanent in those that do not allow regular free elections such as totalitarianism, authoritarianism, and fascism. In democratic countries, the people have the power to vote plutocrats out of office
While the first recorded use of the term in English dates to 1631, the concept of plutocracy has been present since ancient times. As early as 753 BCE, the Senate of the Roman Empire was controlled by a group of aristocrats whose wealth afforded them the power to elect local government officials and dictate new social policies. Other examples of historic plutocracies include pre-World War II Japan under Emperor Hirohito and the Kingdom of France before the French Revolution of 1789.
In 1913, U.S. President Theodore Roosevelt wrote, “of all forms of tyranny, the least attractive and most vulgar is the tyranny of mere wealth, the tyranny of a plutocracy.”
https://www.thoughtco.com/plutocracy-definition-and-examples-5111322
One modern, formal example of a plutocracy, according to some critics,[9] is the City of London.[10] The City (also called the Square Mile of ancient London, corresponding to the modern financial district, an area of about 2.5 km2) has a unique electoral system for its local administration, separate from the rest of London. More than two-thirds of voters are not residents, but rather representatives of businesses and other bodies that occupy premises in the City, with votes distributed according to their numbers of employees. The principal justification for this arrangement is that most of the services provided by the City of London Corporation are used by the businesses in the City. In fact about 450,000 non-residents constitute the city's day-time population, far outnumbering the City's 7,000 residents.[11]
In 1998, Bob Herbert of The New York Times referred to modern American plutocrats as "The Donor Class"[27][28] (list of top donors)[29] and defined the class, for the first time,[30] as "a tiny group – just one-quarter of 1 percent of the population – and it is not representative of the rest of the nation. But its money buys plenty of access."[27]
President Theodore Roosevelt became known as the "trust-buster" for his aggressive use of United States antitrust law, through which he managed to break up such major combinations as the largest railroad and Standard Oil, the largest oil company.[21] According to historian David Burton, "When it came to domestic political concerns TR's bête noire was the plutocracy."[22] In his autobiographical account of taking on monopolistic corporations as president, Roosevelt recounted
https://en.m.wikipedia.org/wiki/Plutocracy