Term frequently used in older publications and especially in the socialist accusatory literature of the 19th century against the marked-based economy. It refers to the concentration of wealth and power in the hands of a few (plutocrats, timocrats, argyrocrats). – The flip side of plutocracy was seen as pauperism, namely the growing poverty (pauperism, immiseration, pauperization) of broad sections of the population. – See chrysocracy, monetary rule, surplus value, plusmaking, polyplusius.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
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