PLUTOCRACY

[noun] [U] - a system of government in which the richest people in a country rule or have powerIt's time we put an end to plutocracy.A plutocracy is a country where the richest people have power.This country is supposed to be a democracy, but it seems to me as if it's becoming more of a plutocracy all the time.The plutocracy is the richest people in a country who have power in it.The area is a favourite winter vacation spot among the plutocracy.