millocracy

millocracy

(mɪˈlɒkrəsɪ)
n, pl -cies
(Historical Terms) history rule or government by mill owners
References in periodicals archive ?
The millocracy oversee their family businesses by day and then ride home in their Rolls Royces to comfortable homes and cocktail parties.
Valentine Cunningham claims that "the trustees and members were the millocracy, the benefactors, the leaders of Manchester society: corn millers, silk manufacturers, calico painters, patent-reed makers, engineers, bankers and barristers; founders of hospitals, libraries, educational institutions, charitable funds and missions to the poor."(12) The congregation, needless to say, did not take kindly to criticism of the laissez-faire economy.
Yet she could see for herself that all was not well with the liberal-bourgeois-dissenting millocracy. It failed to feed, clothe, and house adequately the poor of Manchester in the 1840s.