Meritocracy and Plutocracy

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Difference between Meritocracy and Plutocracy

Meritocracy vs. Plutocracy

Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος "strength, power") is a political philosophy which holds that certain things, such as economic goods or power, should be vested in individuals on the basis of talent, effort and achievement, rather than factors such as sexuality, race, gender or wealth. A plutocracy (πλοῦτος,, 'wealth' + κράτος,, 'rule') or plutarchy is a society that is ruled or controlled by people of great wealth or income.

Aristocracy

Aristocracy (Greek ἀριστοκρατία aristokratía, from ἄριστος aristos "excellent", and κράτος kratos "power") is a form of government that places strength in the hands of a small, privileged ruling class.

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Capitalism

Capitalism is an economic system based upon private ownership of the means of production and their operation for profit.

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Elitism

Elitism is the belief or attitude that individuals who form an elite — a select group of people with a certain ancestry, intrinsic quality, high intellect, wealth, special skills, or experience — are more likely to be constructive to society as a whole, and therefore deserve influence or authority greater than that of others.

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Oligarchy

Oligarchy is a form of power structure in which power rests with a small number of people.

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Political philosophy

Political philosophy, or political theory, is the study of topics such as politics, liberty, justice, property, rights, law, and the enforcement of laws by authority: what they are, why (or even if) they are needed, what, if anything, makes a government legitimate, what rights and freedoms it should protect and why, what form it should take and why, what the law is, and what duties citizens owe to a legitimate government, if any, and when it may be legitimately overthrown, if ever.

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Progressivism

Progressivism is the support for or advocacy of improvement of society by reform.

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Sociology

Sociology is the scientific study of society, patterns of social relationships, social interaction, and culture.

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World War II

World War II (often abbreviated to WWII or WW2), also known as the Second World War, was a global war that lasted from 1939 to 1945, although conflicts reflecting the ideological clash between what would become the Allied and Axis blocs began earlier.

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