Talking about the economy and the government on the phone with my father the other day, he called the government a kleptocracy. It wasn't a word I was familiar with, but then, unlike him, I don't have a PhD in English and I wasn't a university professor for over 30 years. He asked me if I knew what a kleptocracy was.
I didn't, but being a professor emeritus, he forgets he doesn't have to give lectures anymore so I didn't tell him that or I'd get one.
Later on, I looked the word up and you know something? He's absolutely right.
Here's what Wikipedia has to say on the subject-
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