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I was just thinking about this tonight.
For those who don't know, a kleptocracy is a form of government in which government officials and the wealthy class collaborate together to obtain greater political power and personal wealth at the expense of the rest of the population.
In short, kleptocracy is rule by thieves. The government and wealthy conspire to steal the power and wealth of everyone else.
Consider this Abstract...
-Implement highly inefficent economic policies (Like the policies that have lead to our current economic crisis)
-Expropriate the wealth of their citizens (Wages have been stagnating while prices continue to go up and the tax burden has been shifted to the middle class.)
-Use the proceeds for their own glorification or consumption (In this country, the top 1% has seen 95% of the income growth since the 1970s and the top 5% now owns over 60% of the nation's wealth)
-Use 'divide-and-rule' strategy (Republican or Democrat?)
-Defuse cooperation by imposing punitive rates of taxation on any citizens who propose deposing the kleptocrats, and redistributing the benefits to those who fall in line (Just check out McCain's and Obama's tax plans)
-Weak institutions in society (8 years of deregulation certainly haven't done much to help with our institutions.)
-Foreign aid and rents from natural resources typically help (How much money have we borrowed from China now? Another war for oil anyone?)
-Opposition groups are shortsighted (Even Ron Paul isn't ballsy enough to make this charge)
-Average productivity in the economy is low (manufacturing jobs are being outsourced and we import vastly more than we export. GDP is no longer a measure of the nation's productivity.)
For those who don't know, a kleptocracy is a form of government in which government officials and the wealthy class collaborate together to obtain greater political power and personal wealth at the expense of the rest of the population.
In short, kleptocracy is rule by thieves. The government and wealthy conspire to steal the power and wealth of everyone else.
Consider this Abstract...
Kleptocracy and Divide and Rule A Model of Personal Rule said:Many developing countries have suffered under the personal rule of ‘kleptocrats’, who implement highly inefficient economic policies, expropriate the wealth of their citizens, and use the proceeds for their own glorification or consumption. The incidence of kleptocracy is a serious impediment to development. Yet how do kleptocrats survive? How can they apparently exploit the entire citizenship of countries and not foment successful opposition? In this research we argue that the success of kleptocrats rests on their ability to use a particular type of political strategy, which we refer to as 'divide-and-rule'. Members of society need to cooperate in order to depose a kleptocrat. A kleptocrat, however, may defuse such cooperation by imposing punitive rates of taxation on any citizen who proposes such a move, and redistributing the benefits to those who need to agree to it. Thus kleptocrats can intensify the collective action problem by threats that remain off the equilibrium path. In equilibrium, all are exploited and no one challenges the kleptocrat because of the threat of divide-and-rule. The divide-and-rule strategy is made possible by the weakness of the institutions in these societies, and highlights the different nature of politics between strongly- and weakly-institutionalized polities. We show that foreign aid and rents from natural resources typically help kleptocratic rulers by providing them with greater resources to buy off opponents. Kleptocratic policies are also more likely to arise when opposition groups are shortsighted and when the average productivity in the economy is low.
-Implement highly inefficent economic policies (Like the policies that have lead to our current economic crisis)
-Expropriate the wealth of their citizens (Wages have been stagnating while prices continue to go up and the tax burden has been shifted to the middle class.)
-Use the proceeds for their own glorification or consumption (In this country, the top 1% has seen 95% of the income growth since the 1970s and the top 5% now owns over 60% of the nation's wealth)
-Use 'divide-and-rule' strategy (Republican or Democrat?)
-Defuse cooperation by imposing punitive rates of taxation on any citizens who propose deposing the kleptocrats, and redistributing the benefits to those who fall in line (Just check out McCain's and Obama's tax plans)
-Weak institutions in society (8 years of deregulation certainly haven't done much to help with our institutions.)
-Foreign aid and rents from natural resources typically help (How much money have we borrowed from China now? Another war for oil anyone?)
-Opposition groups are shortsighted (Even Ron Paul isn't ballsy enough to make this charge)
-Average productivity in the economy is low (manufacturing jobs are being outsourced and we import vastly more than we export. GDP is no longer a measure of the nation's productivity.)
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