![]() ![]() ![]() Forfeits Over $480 Million Stolen by Former Nigerian Dictator in Largest Forfeiture Ever Obtained Through a Kleptocracy Action.” The United States Department of Justice, August 7, 2014. “Late Nigerian Dictator Looted Nearly $500 Million, Swiss Say.” The New York Times, August 19, 2004.“"Marcos plundered to 'protect' the economy? Makes no economic sense.” Rappler, September 11, 2017. “Philippines still seeks $1 billion in Marcos wealth 30 years after his ouster.” Reuters, February 24, 2016. Hence, plutocracy is a form of oligarchy, but plutocracy distinguishes the particular ruling minority by their great income or wealth. While both forms of government imply a degree of corruption, kleptocracy differs from plutocracygovernment by. The main difference between oligarchy and plutocracy is that oligarchy is the rule by a privileged minority whereas plutocracy is the rule by a wealthy minority. Sent After Quake.” The New York Times, March 23, 1977. Kleptocracy is a form of government in which the leaders, known as kleptocrats, use their political positions of power to gain or increase their personal wealth by stealing money and valuable resources from the countries they rule. “Nicaraguans Accused of Profiteering on Help the U. “Papa Doc, Baby Doc: Haiti and the Duvaliers.” Blackwell Pub, December 1, 1988, ISBN-10: 0631165797. “Kleptocracy and Anti-Communism: When Mobutu Ruled Zaire.” Association for Diplomatic Studies & Training.“Noriega: A Skilled Dealer With U.S.” The New York Times, February 7, 1988. “The Rise of Kleptocracy: Laundering Cash, Whitewashing Reputations.” Journal of Democracy, January 2018. “Kleptocracy and Divide-and-Rule: A Model of Personal Rule.” Massachusetts Institute of Technology. Through acts of embezzlement, bribery, or outright misappropriation of public funds, kleptocrats enrich themselves and their families at the expense of the general population. Recent examples of confirmed kleptocracies include Congo under Joseph Mobutu Haiti under “Baby Doc” Duvalier Nicaragua under Anastasio Somoza the Philippines under Ferdinand Marcos and Nigeria under Sani Abacha.Ĭoming from the Ancient Greek word “klepto” meaning “theft” and “cracy” meaning “rule,” kleptocracy means “rule by thieves,” and is used to describe governments whose leaders misuse their power to steal from their people. His books include Plutocracy in America: How Increasing Inequality Destroys the Middle Class and Exploits the Poor, The Tea Party: A Brief History, and For the.In contrast to plutocracy-government by the wealthy-the leaders of kleptocracies enrich themselves after taking power.Kleptocracy tends to occur in poor countries under authoritarian forms of government where the people lack the political power and financial resources to prevent it.A kleptocracy is a form of government in which the rulers use the power of their positions to steal from the people. ![]()
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