What is kleptocratic system?
Kleptocracy (from Greek κλέπτης kléptēs, “thief”, κλέπτω kléptō, “I steal”, and -κρατία -kratía from κράτος krátos, “power, rule”) is a government whose corrupt leaders (kleptocrats) use political power to appropriate the wealth of their nation, typically by embezzling or misappropriating government funds at the …
How do you spell kleptocracy?
noun, plural klep·toc·ra·cies. a government or state in which those in power exploit national resources and steal; rule by a thief or thieves.
What is a kleptocratic Kakistocracy?
Kleptocracy – Government with exploitative rulers who seek to extend their personal wealth and power.
Is Marcos a kleptocrat?
(/ˈmɑːrkɔːs/, September 11, 1917 – September 28, 1989) was a Filipino politician and lawyer who was the 10th president of the Philippines from 1965 to 1986, widely considered by academics, economists, and journalists as a kleptocrat.
What is oligarchic system?
Oligarchy is a form of government in which a small group of people hold most or all political power.
What does kakistocracy means in English?
government by the worst people
Definition of kakistocracy : government by the worst people.
How does a kleptocratic government affect the economy?
The effects of a kleptocratic regime or government on a nation are typically adverse in regards to the welfare of the state’s economy, political affairs, and civil rights. Kleptocratic governance typically ruins prospects of foreign investment and drastically weakens the domestic market and cross-border trade.
How is a kleptocracy different from a plutocracy?
Typically, this system involves embezzlement of funds at the expense of the wider population. Kleptocracy is different from a plutocracy; A kleptocracy is a government ruled by corrupt politicians who use their political power to receive kickbacks, bribes, and special favors at the expense of the populace.
Where does kleptocracy occur in the developing world?
Kleptocracy is most common in developing countries and collapsing nations whose economies are reliant on the trade of natural resources. Developing nations’ reliance on export incomes constitute a form of economic rent and are easier to siphon off without causing the income to decrease.
What does thievocracy mean in relation to kleptocracy?
Thievocracy means literally the rule by thievery and is a term used synonymously to kleptocracy. One feature of political-based socioeconomic thievery is that there is often no public announcement explaining or apologizing for misappropriations, nor any legal charges or punishment levied against the offenders.