Word of the Day: PLUTONOMY

I was watching the Michael Moore's documentary, CAPITALISM: A LOVE STORY, with my dad for the third time and I realized...the word PLUTONOMY definitely needs to be in everyone's vocabulary.

PLUTONOMY (n.) refers to a society where the majority of the wealth is controlled by an ever-shrinking minority; as such, the economic growth of that society becomes dependent on the fortunes of that same wealthy minority.

Since economics and government are intrinsically intertwined, I think it's time to stop using the word DEMOCRACY and replace it with PLUTONOMY.