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gobbo t1_iuv1bat wrote

Reply to comment by vrprady in Google’s ‘Democratic AI’ Is Better at Redistributing Wealth Than America by Mynameis__--__

It's (somewhat glibly) called, at various times, a kleptocracy, a plutocracy, or an oligarchy.

Anyway, a kleptocracy is "a government whose corrupt leaders (kleptocrats) use political power to expropriate the wealth of the people and land they govern, typically by embezzling or misappropriating government funds at the expense of the wider population."

So, it depends on who you believe: Rupert Murdoch (Fox), CNN, PBS, or the likes of Chomsky.

Reasoned and studied opinions seem to lean towards plutocracy.

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WikiSummarizerBot t1_iuv1ci3 wrote

Kleptocracy

>Kleptocracy (from Greek κλέπτης kléptēs, "thief", κλέπτω kléptō, "I steal", and -κρατία -kratía from κράτος krátos, "power, rule") is a government whose corrupt leaders (kleptocrats) use political power to expropriate the wealth of the people and land they govern, typically by embezzling or misappropriating government funds at the expense of the wider population. Thievocracy means literally the rule by thievery and is a term used synonymously to kleptocracy.

Plutocracy

>A plutocracy (from Ancient Greek πλοῦτος (ploûtos) 'wealth', and κράτος (krátos) 'power') or plutarchy is a society that is ruled or controlled by people of great wealth or income. The first known use of the term in English dates from 1631. Unlike most political systems, plutocracy is not rooted in any established political philosophy.

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