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Kleptocracy:
–noun, plural ‐cies. a government or state in which those in power exploit national resources and steal; rule by a thief or thieves. Origin: 1815–20; klepto- (combining form of Greek kléptēs thief) + -cracy
Oligarchy:
–noun, plural -chies. 1. a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few. 2. a state or organization so ruled. 3. the persons or class so ruling.
Originally posted by Praetorius
reply to post by InTrueFiction
I feel your pain here and like what you've come up with, but no new terms are needed - we've already got kleptocracy and oligarchy:
Kleptocracy:
–noun, plural ‐cies. a government or state in which those in power exploit national resources and steal; rule by a thief or thieves. Origin: 1815–20; klepto- (combining form of Greek kléptēs thief) + -cracy
Oligarchy:
–noun, plural -chies. 1. a form of government in which all power is vested in a few persons or in a dominant class or clique; government by the few. 2. a state or organization so ruled. 3. the persons or class so ruling.
While the Portuguese debt crisis is not nearly as acute as that which serves as a millstone to the economies of Greece and Ireland, it nonetheless serves as a glaring warning to other European Union countries, as well as the United States, that profligate government spending has its price.
Originally posted by Praetorius
reply to post by InTrueFiction
I look at it as a form of oligarchy and kleptocracy on a super-national scale, since the globalists who aren't limited to a certain nation have actually been pulling the strings for years and are closely tied into the IMF and other super-governmental organizations. These filter down to the national level, but the real global governance isn't bound to any one area - there's a world-wide agenda here.
Oh well, though....all hail the nomocracy!
Originally posted by lonegurkha
I am reminded of a science fiction novel I read a long time ago where the countries of the world were all ruled by corporations who spent all their time trying to take each other over by wars.
Originally posted by kwakakev
I heard something on the news about Portugal going to the EU for a bailout, but WTF happened Are you saying there are no more politicians and the IMF is now running the county? Here in Australia we have had one prime minister kicked out under a very dark and shady scene, but for your whole system of government to be disbanded at the stroke of a pen sounds crazy. Where are the riots and blood? This stinks really bad.
. I have not seen any news articles that mention that the government has been kicked out, do you have any links?
Originally posted by kwakakev
reply to post by InTrueFiction
I was just interested in more information about this event. It is painted in the media that the prime minister resigned as he got feed up with the blocks from the opposition. I am sure there is a lot more to it and good to get a view from someone who lives their. Hope it goes well for you.