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What is a plutocracy?

What is a plutocracy? Here are some definitions.

Noun
  1. Government by the wealthy.
  2. A controlling class of the wealthy.
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Examples
The new plutocracy wanted a recognizable artistic language that would ease their cultural insecurities and establish their legitimacy.
Dark times are ahead because there is no republic anymore only a plutocracy.
What we're effectively seeing is the displacement of democratic representative government with something approaching plutocracy.
The country today is a plutocracy, a society run in the interests of billionaires and millionaires.
They pointed out that a country ruled by the very wealthy is actually a plutocracy, not a democracy.
Today, more than ever, it resembles a plutocracy, a society governed by a handful of enormously wealthy individuals.

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