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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
It would replace democracy with plutocracy, letting the wealthy and big business make laws in their own interests.
Class privilege has reached the point where the entire society is ruled by a plutocracy.
Today, more than ever, it resembles a plutocracy, a society governed by a handful of enormously wealthy individuals.
They pointed out that a country ruled by the very wealthy is actually a plutocracy, not a democracy.
Dark times are ahead because there is no republic anymore only a plutocracy.
And as skeptical as I am of majority opinion right now, it's better than the unbridled greed of the plutocracy we've got at present.

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