Pp: Plutocracy

1. Government by the wealthy.

2. A wealthy class that controls a government.

3. A government or state in which the wealthy rule.

In Context:
Peel's late conduct on the Catholic question, innocent of future gold-fields, and of that gorgeous plutocracy which has so nobly exalted the necessities of genteel life.Middlemarch by Eliot, George

destructive creation

whereby new technologies that improve people’s lives replace old ones