As A Propaganda Term
In the political jargon and propaganda of Fascist Italy, Nazi Germany and the Communist International, western democratic states were referred to as plutocracies, with the implication being that a small number of extremely wealthy individuals were controlling the countries and holding them in ransom. Plutocracy replaced democracy and capitalism as the principal fascist term for the United States and Great Britain during the Second World War. For the Nazis, the term was often a code word for "the Jews".
Read more about this topic: Plutocracy
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