Monthly Archives: March 2013

Journalist Chrystia Freeland’s book about the super rich: Plutocrats:The Rise of the New Global Super Rich and the Fall of Everyone Else

Just in case you aren’t certain of the meaning of plutocrat (and plutocracy), according to the OED: a “plutocrat” is “a person whose power derives from their wealth,” and a “plutocracy” is “government by the wealthy.”

The second of these definitions gives me the heebie-jeebies because, as I see it, this is already a reality, although we still have elections and other democratic institutions. Continue reading