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WotD: Plutonomy
Here is a word you may have never heard, but it is itself an explanation for much of the chaos in the Western world today: plutonomy.
Plutonomy is an economic term that describes a society where wealth is concentrated in the hands of a small and extremely wealthy group of individuals with substantial political connections and power.
In a plutonomy, most of the money and resources are in the hands of only a few, while the majority have increasingly less.
The concept of plutonomy helps us understand why the gap between the rich and the poor is widening in most Westernized nations.
In a plutonomy, the richest individuals possess such significant power and influence that they can shape the economy to further benefit themselves.
Now, we have reached a point where it is impossible for the rest of the population to catch up.
As a result, the disparity in lifestyle, opportunities, and quality of life between the rich and the poor continues to grow.
Many experts believe that the world is becoming more of a plutonomy each year.
Large companies and wealthy individuals are becoming increasingly wealthy, while many people struggle to find good jobs and affordable housing.
Plutonomy shows us that this is not just about personal choices, but about how the whole economic system is organized.
If you want to get into conspiracy theories, the system is rigged against us.
One nation of plutonomy is the United States, where a small group owns most of the country’s wealth.
This is creating social problems and leading to unrest, as more Americans are excluded from the benefits of modern society.
Americans must acknowledge that their nation has become a plutonomy if they wish to enjoy more equitable opportunities for everyone and restore American exceptionalism.
The rest of the world must take notice and not follow America down the plutonomy path.
Flesch-Kincaid Readability Test
This post is understandable by someone with at least an 8th-grade education (age 15).
On the Flesch-Kincaid reading-ease test, this post scores 65.
The easier a passage is to read, the higher the score on a scale of 0 – 100.
