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Updated: May 18, 2025
Say, rather, Plutocracy, the most unblushing the world had ever seen, the aristocracy of THOSE WHO HAVE. Thus meditating, he jostled against a group of men who were coming from a saloon. All but one wore the typical black clothes and derby hats of the workman's best attire; one had on a loose-fitting, English tweed suit. In this latter person Sommers was scarcely surprised to recognize Dresser.
These gentlemen, as I have already mentioned, pointed out that the estates of the nobles were rapidly passing into the hands of the peasantry, and that if this process were allowed to continue the hereditary Noblesse, which had always been the civilising element in the rural population, and the surest support of the throne, would drift into the towns and there sink into poverty or amalgamate with the commercial plutocracy, and help to form a tiers etat which would be hostile to the Autocratic Power.
Because the danger of plutocracy forced itself on the people. Leaders took it up and showed it to them; and in the last ten years we have had a great movement to eliminate corporate and money control in politics.
As the years went by the influence of Carthage upon her neighbours increased until the greater part of the African coast, Spain and certain regions of France were Carthaginian possessions, and paid tribute, taxes and dividends to the mighty city on the African Sea. Of course, such a "plutocracy" was forever at the mercy of the crowd.
The noted anthropologist Havelock Ellis says, in regard to this: "It is clear that a high index of pigmentation, or an excess of fairness, prevails among the men of restless and ambitious temperament; the sanguine, energetic men; the men who easily dominate their fellows and who get on in life, and the men who recruit the aristocracy and who doubtless largely form the plutocracy.
Thus the middle class is constantly recruited from the upper. Besides, the upper is all the time recruited from the wealthy middle; the union of aristocracy and plutocracy may be said to be complete. But merit makes its way continually from even the lower ranks upward, in the professions, in the army, the law, the church, in letters, in trade, and, what Mr.
By his audacity, by his arrogant frankness he had latterly treated public opinion with scantiest courtesy by his purchase of campaign committees, and legislatures, and courts, Dumont had made himself in the public mind an embodiment of the "mighty and menacing plutocracy" of which the campaign orators talked so much.
It has been so always and not least in the Great Rebellion of the seventeenth century so falsely represented as a democratic movement, when the parvenu aristocracy founded upon the lands and wealth of the raped Church in the sixteenth century, broke the Crown up and finally established in England a puppet king, a mere Venetian Doge incapable, as we have seen in the last few years, of defending the people against an unscrupulous and treasonous plutocracy led by a lawyer as certainly on the make as Thomas Cromwell.
If the man of letters were wholly a business man, this is what would happen; he would make his forty or fifty thousand dollars a year, and be able to consort with bank presidents, and railroad officials, and rich tradesmen, and other flowers of our plutocracy on equal terms.
Plutolatry the worship of wealth, the madness of gold to it will be confided the task of chastising a false principle and its followers. And plutocracy will be in its turn executed by equality. It would be a strange end for it, if Anglo-Saxon individualism were ultimately swallowed up in Latin socialism.
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