Example of plutocracy4/2/2023 ![]() ![]() Take, for example, the West Virginia coal mining industry in the early years of the 20th century. The long and painful journey towards achieving worker rights and fair wages has been marked by violence, discrimination, and inhumane exploitation. While these economic and class divides seem more pronounced than ever before, the impressive new documentary Plutocracy: Political Repression in the USA reveals that the core of these struggles pre-date the beginnings of the industrialized labor force. This generated a dependence on foreign resources which was so costly that even the elites could not maintain.Income inequality has become a key hot button issue in the modern day political spectrum. The fall of the Byzantine empire by the Ottomans transformed Venice, Genoa and Florence from flourishing trading empires. The city-states that existed in Italy during the Middle Ages were plutocracies and were the ones that set the precedent in medieval Europe. The first kings of Carthage were military leaders, and the crown was in the hands of the highest bidder. This city was the main part of Phoenician civilization after Tyre was defeated by Babylonians. There are many monopolies and oligopolies that influence politics.Ĭarthage is an example city of an ancient plutocracy. ![]() Examplesįor example, Mexico and the United States are considered to be plutocracy countries. Throughout history the forerunners of plutocratic states within societies managed to gain and retain control through obvious, luxurious and competitive manifestations of the wealth they had. Years ago, countries were established in states when state governments were formed. Throughout history, different political thinkers such as Winston Churchill, Alexis de Tocqueville and Juan Donoso Cortés, as well as Noam Chomsky, have made accusations and condemnations against plutocracy, since it has been known since ancient times that it increases class poverty and corrupts societies. Unlike other democratic systems, the plutocracy is not adapted to an established political philosophy. The plutocracy impedes the good functioning of a democracy and thus promotes the creation of many hidden interests within the field of politics which can generate different struggles between groups and economic tensions that leave aside the real needs of a country.
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