Plutocracy emphasizes the connection between wealth and political power. The billionaire's influence has turned our city into a plutocracy.
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Negative Connotation
Plutocracy often implies unfairness and is usually seen in a negative light. People marched against the growing plutocracy dominating our government.
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Specific Contexts
Use 'plutocracy' to describe specific systems or situations, not individual wealth. Despite its wealth, the country is not a plutocracy, as it has fair elections.