what_is_a_plutocracy

Apr 10th, 2015
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What is a plutocracy, and what is good and bad about having a plutocracy in the United States?Plutocracy: this is a state or a situation where a country or nation is ruled and governed by its wealthy citizens or individuals. Plutocracy from one's point of view can both have advantages and disadvantages. Fortunately for the United States of America many individuals have emerged to become self-dependent which has utterly elevated the country's economy to the greater heights known today. Some of these individuals have taken part in guiding the country's finances and thus plutocracy. Although this is the case, the few rich individuals have also caused numerous middle class consumes to improve their living standards simply by the emergence of wondrous technological advancements over the years such as, Amazon, Google and the iPhone.We are able to see a good side of this state when we compare the wealthy and the rich of our past times and the rich-people of this present era. Our globally interconnected economy has led to the upcoming of first and second generation wealth members who are more hardworking and very skilled to transform the very nature of the U.S's economy.On the other ha

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