Plutocracy is a tricky theme last days, and I have realized lately that people tend to handle different concepts (just like it happens with terms such as capitalism).
Anyway, in my own perception, as long as people can acquire voting power with economic wealth we’ll be in the presence of plutocracy. Like it or not, governance by ANT holding is precisely that, for the time being I think it’s ok until we discover and validate better mechanisms.
Anyhow, @light I’d be curious about your view in implementing something like conviction voting instead of locking tokens to tackle this very same issue.