Kleptocracy

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Kleptocracy ('klepto' meaning 'theft') is the ruling of possibly any kind of government that uses its power to steal from its people. This rarely-applied word was used by Charles Krauthammer, the nationally syndicated Washington Post columnist and political commentator on Fox-TV, on Saturday, March 2, and Sunday, March 3, 2014. He referred to Russia as a kleptocracy in a TV panel discussion about its influence in the revolution in the neighboring Ukraine in late February. His political column added another derivation of this word: kleptocratic.

"Kleptocratic" is used by Krauthammer in the following quote: "But surely the West has more financial clout than Russia's kleptocratic extraction economy that exports little but oil, gas and wisky."