Plutocracy is government by and for the wealthy. Plutocracy is the hierarchical social system that capitalism creates.
Capitalism is the organization of society so money makes money. This societally-created profit logic concentrates the power of wealth (because those with almost all the money make almost all the money), creating plutocracy, which is by definition rule by a minority overclass, which is by definition (inherently) anti-democratic.
Capitalism is the organization of society so money makes money. This societally-created profit logic concentrates the power of wealth (because those with almost all the money make almost all the money), creating plutocracy, which is by definition rule by a minority overclass, which is by definition (inherently) anti-democratic.
Capitalism requires the majority of the population be wage slaves and debt serfs – bar-scanned people whose destinies are sliced into tranches and allotted to various profit-centers and accounting gimmicks in the interest of the wealthy's wealth accumulation.
But it doesn't have to be this way! We have, and always have had, the radical power to create democratic societies in which like-minded people come together and take responsibility and use their freedom to construct the best lives they can. The 'money makes money' ponzi scheme that defines capitalism and creates plutocracy will disappear when we enact democratic societies.
The transition to democracy does mean giving up the lazy, flabby, doltified consumerist way of life capitalism has instituted. And, sure, some won't be able to make it – the very core of their lives and identities being tied too tightly into tv shows and "celebrity news," conspicuous consumption, petroleum, and processed food. But the rest of us have to start moving on. The beginning of the path is right here, as it always has been, just out of view, obscured by the flashing lights and anomie created by capitalism. To start moving down the path, it is up to us to blaze the trail – we have to enact democracy!