Definition of millocracy in English:

millocracy

noun

depreciative, historical
  • The rule of mill owners; the body of mill owners regarded as a dominant or ruling class (especially in Victorian England).

Origin

Mid 19th century; earliest use found in Thomas Carlyle (1795–1881), author, biographer, and historian. From mill + -ocracy.

Pronunciation

millocracy

/mɪˈlɒkrəsi/