He warned that the proper balance between private and public enterprise is menaced by socialism, on the one hand, and by plutocracy, on the other.
en.wikipedia.org A system in which only those who buy tokens can vote is not an experiment in democracy, but in plutocracy.
theconversation.com It typically has stratified social classes, including a large, impoverished working class and a ruling plutocracy of business, political, and military elites.
en.wikipedia.org This stand against plutocracy was consistent with his life and consisted of a long defense of a middle-class society against the pressures of greedy self-interest groups and demos, the mob.
en.wikipedia.org It eased the burden of the workers, and determined that membership of the ruling class was to be based on wealth (plutocracy), rather than by birth (aristocracy).
en.wikipedia.org