tycoonocracy en · NOUN
Etymology
From tycoon + -o- + -cracy.
Meanings
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(colloquial, rare, uncountable) A rule by tycoons, a plutocracy.
“Hong Kong's economic elites simply do not need further advantages,” he said [Martin Lee of The Democratic Party of Hong Kong], adding that the change would help turn Hong Kong into a “tycoonocracy.”
1997, Reuters News Service, “Party quits Hong Kong race”, Nov. 28 1997It is no coincidence that the city’s tycoonocracy is being blamed for both betrayals.
2014, The Times, “Home truths that are driving the Hong Kong protest”, Oct 7, 2014He labels these unhealthy links between the government and unelected, quasi-hereditary business elite as “tycoonocracy”. Unfortunately, since the publication of this book in 2007, the phenomenon of “tycoonocracy” has become more conspicuous.
2011, Joseph Y. S. Chenga, Journal of Comparative Asian Development, “Goodstadt, Leo F. (2007). Profits, politics and panics — Hong Kong's banks and the making of a miracle economy, 1935–1985. Hong Kong: Hong Kong University Press, xi, 315 pp.”, Volume 10, Issue 1, 2011, pages 186–196, DOI:10.1080/15339114.2011.578493