Oligarchic government becomes authoritative when it exercises self-serving and also results in exploitative government policies through which the rich get richer and the poor get poorer. Italian Sociologist Robert Michel used the phrase “Iron Law of Oligarchy” which says that there is more tendency for organizations to become more oligarchic and less democratic.Ĭonstitutional democracy is also controlled by Oligarchies. The government ruled by Oligarchy supports corruption and unjust behavior. It can also be described as the power exercised by the elite class to support their own illegal activities rather than using it for the betterment of other classes. What Is The Difference between Plutocracy And Aristocracy?Īn oligarchy is a form of government in which most or all control is held by influential people that can have a good or a bad influence.To know more about the government system of Oligarchy and Plutocracy, keep reading till the end. The main difference between Oligarchy and Plutocracy is that Oligarchy is a government system ruled by powerful people, who can be unjust or corrupt while Plutocracy is the form of government ruled by wealthy people only. The underworld is where all the wealth of earth is stored (in the form of minerals) and that’s the basic idea behind the plutocracy government that came into existence via money and wealth. Pluto is the Greek god of the underworld. Whereas Plutocracy is a society that is ruled by wealthy people. People in oligarchy use power for corruption and illegal purposes. There are multiples types of government and these are five of them:Īristotle invented the term Oligarchia to define the law of a few but powerful people who are just a bad influence and run the country unjustly. The government has advisors and ministers to look after the particular department and ensure economic growth. It hires forces to protect the country’s territory from enemies and major attacks. The government also hires diplomats to communicate with other countries to resolve political issues and make the social and cultural experience friendly. The government keeps the police force to make the people follow rules. It’s the government that maintains the list of activities that are against the law and decides its punishment for breaking the law. The job of the government is to make rules and regulations while making sure people abide by them. People follow traditions instead of rules where there is no government. A government is the boss of a country and has a right to make or break laws and enforce them accordingly.

Plutocracy vs capitalism