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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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No one, whatever their conception of justice, can accept public policies which turn a democracy into a plutocracy.
The country today is a plutocracy, a society run in the interests of billionaires and millionaires.
Dark times are ahead because there is no republic anymore only a plutocracy.
The danger is that plutocracy will prevail over democracy, that the free market will rule over the free citizen.
For in reality France under Louis XVI was governed not by the nobility, but by a plutocracy in which the majority of nobles had no share.
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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