– $10,000 dinners with the Prime Minister. Must be a great meal! So, what type of political system do we have in Australia? I believe we have a combination of Plutocracy and Corporatocracy. Please note that I am not a political scholar but I can use a dictionary. Plutocracy is defined as a state or society governed or controlled by people of great wealth or income. Think Clive Palmer, Gina Rhinehart and Rupert Murdoch to name just a few who can pull political strings. Corporatocracy is a term used to refer to an economic and political system controlled by corporations or corporate interests.