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• #PLUTOCRACY VS AUTOCRACY CRACK#

However, with the war and the many sanctions imposed on Russia, the U.S. Many skepticisms about the Russian elite and their corrupt activities have been running around. government, in February 2022, called the Russian government a kleptocracy.

#PLUTOCRACY VS AUTOCRACY CRACK#

With the Russia-Ukraine war, the United States government has sought to crack down on the money laundering activities of the Russian elites. Here is an example of Russian kleptocracy. Further, infant mortality was rising, and life expectancy was falling. The literacy and employment rate was in the single digits. The economy was stagnant, and though companies built factories, none of the activities helped the 20 million population. The leaders spent most of their time on vacations outside the country and bought assets in foreign countries, using the money they received from the MNCs. The government took bribes from MNCs and, thus, was irresponsive to the needs of the people – remuneration, environmental concerns, scarcity of food and water, etc. Though some people were employed in the factories, the wages were too low for families to sustain. Agriculture was the primary income for the country. As a result, people lost their agricultural lands. The government even displaced villages and areas closer to rivers and lakes. The government confiscated the properties of citizens and allowed multinational companies (MNCs) to set up factories on people’s lands. Example #1Ĭountry Q belongs to the least-developed countries. Let’s look at some examples of kleptocratic governments.

Therefore, major economic indicators like literacy, employment, GDP, and growth rates will be unfavorable.

There will not be any economic developments, probably because leaders are too busy spending public money on themselves. Third, the leaders launder money into foreign countries and maintain assets abroad. People do not get adequate legal representation and hence no justice. So what exactly happens in kleptocracies? Governments seize private property. Especially in some African countries, corruption is extremely high, and the people do not receive adequate legal representation, resulting in many illegal activities occurring on the government’s behalf. Mostly, kleptocratic governments are associated with developing and least-developed nations. But at present, too, there are some countries where this is followed.