Reply To: Monarchy vs. Democracy

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Bankocracy

Rule by banks; a system of governance with excessive power or influence of banks and other financial authorities on public policy-making. It can also refer to a form of government where financial institutions rule society.

Electocracy

An electocracy is a political system where citizens are able to vote for their government but cannot participate directly in governmental decision making and where the government does not share any power.

Anocracy

An regime type where power is not vested in public institutions (as in a normal democracy) but spread amongst elite groups who are constantly competing with each other for power. Examples of anocracies in Africa include the warlords of Somalia and the shared governments in Kenya and Zimbabwe. Anocracies are situated midway between an autocracy and a democracy.

Nomocracy

Rule by a government under the sovereignty of rational laws and civic right as opposed to one under theocratic systems of government. In a nomocracy, ultimate and final authority (sovereignty) exists in the law.