Plutocracy is a system of governance where the wealthy elite hold significant power and influence over political decisions. In this setup, the interests of the rich often overshadow those of the general population, leading to policies that favor the affluent. This can create a gap between the rich and the poor, as the needs of everyday citizens may be neglected.
In a plutocracy, individuals or groups with substantial financial resources, such as corporations or billionaires, can shape laws and regulations to benefit themselves. This can result in a lack of equal opportunity for all citizens, as wealth becomes a determining factor in political representation and access to resources.