In a plutocracy, the governing power is held by a small group of wealthy individuals or families. These individuals have substantial financial resources and use their wealth to influence political decisions and policies. Plutocracies are often criticized for prioritizing the interests of the wealthy elite over the needs of the general population. Plutocracies can take various forms, including oligarchies, where power is concentrated in the hands of a few individuals, or aristocracies, where power is held by a hereditary ruling class. In these systems, wealth and social status play a significant role in determining who holds power and influence. One example of a modern-day plutocracy is the United States, where the influence of wealthy individuals and corporations in politics is well-documented. Critics argue that the country's political system is increasingly being controlled by a small group of billionaires who use their financial resources to sway elections and shape public policy. Plutocracies can have far-reaching implications for society, as they can lead to increased economic inequality, lack of social mobility, and a concentration of power in the hands of a few individuals. Critics argue that these systems are inherently undemocratic, as they prioritize the interests of the wealthy over the needs of the majority. To learn more about plutocracies and their impact on society, check out this article from [CNN](https://www.cnn.com/2021/05/12/world/what-is-plutocracy-intl-hnk/index.html). It provides a comprehensive overview of the concept of plutocracy and its implications for governance. In conclusion, plutocracies are systems of government where power is held by a small group of wealthy individuals. These individuals use their financial resources to influence political decisions and policies, often to the detriment of the general population. To learn more about plutocracies and their impact on society, explore the resources provided above.

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