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Autocracies, Autocracy Inc.: The Dictators Who Want to Run the World by Anne Applebaum (USA 2025), Kleptocracy

Photo Credit: Penguin Random House
Continue readingTo stay in power, modern autocrats need to be able to take money and hide it without being bothered by political institutions that encourage transparency, accountability, or public debate. The money, in turn, helps them shore up the instruments of repression….
Kleptocracy and autocracy go hand in hand, reinforcing each other but also undermining any other institutions that they touch. The real estate agents who don’t ask too many questions in Sussex or Hampshire, the factory owners eager to unload failing businesses in Warren, the bankers in Sioux Falls happy to accept mystery deposits from mystery clients—all of them help undermine the rule of law in their own countries and around the world. The globalization of finance, the plethora of hiding places and the benign tolerance that democracies have shown for foreign graft now give autocrats opportunities that few could have imagined a couple of decades ago.
Excerpt from Chapter 1: The Greed That Binds from Autocracy, Inc.: The Dictators Who Want to Run the World by Anne Applebaum, published by Vintage Books, New York, USA, 2024, 2025 Edition, pp. 41-42.









