Appistocracy

· misc

We’ve heard much about the slide into oligarchy – and with good reason: the members of the US cabinet’s collective worth is reportedly close to half a trillion dollars, with the majority of them belonging to the top 0.0001%.

But journalist Ken Klippenstein offers a better term that captures our current moment with uncomfortable precision. He calls it the ‘appistocracy’ – a ruling class whose power extends far beyond mere wealth.