Kleptocracy – [klep•tä•krə•sē] – noun:

rule by thieves

Thoughts: from Greek: κλέπτης – kleptēs, “thief” and κράτος – kratos, “power, rule”. The term is usually and often applied to a government seen as having particularly severe and systemic problems with officials and the ruling class as they take advantage to expand their wealth and influence political power.