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Meaning of kleptocracy

klep•toc•ra•cy

Pronunciation: (klep-tok'ru-sē), [key]
— pl. -cies.
  1. a government or state in which those in power exploit national resources and steal; rule by a thief or thieves.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.