Terminology/K

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When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.
~ Frédéric Bastiat

Kakistocracy

A pejorative term for a government run by the worst, least qualified, or most unscrupulous citizens. It is used as an image rather than as an official title, given its derogatory connotation. The earliest known use in 1644 was Paul Gosnold warning of transforming "our well-temperd Monarchy into a mad kinde of Kakistocracy", then relatively inactive until the word reappeared in the early 19th century.


KLEPTOCRACY
Who said cheaters never win?
A satirical parody of the popular "Monopoly" board game.

Kleptocracy

Alternatively cleptocracy or kleptarchy, (from the greek 'κλέπτης' - kleptēs, "thief" and κράτος - kratos, "power, rule", hence "rule by thieves"), also referred to as thievocracy, is a form of political and government corruption where the government exists to increase the personal wealth and political power of its leaders (kleptocrats), officials, and the ruling class at the expense of the wider population, often with Machiavellian pretenses of honest service. Typically they embezzle or misappropriate government funds at the expense of the wider population without public announcement explanations, apologies, nor legal charges or punishments levied against offenders.

Kleptocracy is different from plutocracy (rule by the richest) and oligarchy (rule by a small elite) or cronyism (with their associates).


Knoll's Law of Media Accuracy

Everything you read in the newspapers is absolutely true except for the rare story of which you happen to have firsthand knowledge.

~ Erwin Knoll[ Wikipedia ]