The system of government by privileged citizens or the upper class is called:
socialism
autocracy
aristocracy
democracy

I believe the answer is: aristocracy

These privileged citizens obtained their positions through blood line rather than their individual efforts, which make a select few of people destined to be nobles without having any accomplishment. This is the type of government that exist in France prior to the French revolution.

A lot of things, actually.

Explanation:

The treaty includes no provisions for the economic rehabilitation of Europe – nothing to make the defeated central empires into good neighbors, nothing to stabilize the new states of Europe, nothing to reclaim Russia; nor does it promote a compact of economic solidarity among the allies themselves