Six Minutes with the Renegade Economist - Michael Hudson Special...

Republic:

A Republic is a form of government in which the people or some portion thereof retain supreme control over the government,[1][2] and in which the head of government is not a monarch.[3][4] The word "republic" is derived from the Latin phrase res publica, which can be translated as "a public affair".


http://en.wikipedia.org/wiki/Republicanism_in_the_United_States

Republicanism is the political value system that has been a major part of American civic thought since the American Revolution.[1] It stresses liberty and inalienable rights as central values, makes the people as a whole sovereign, rejects inherited political power, expects citizens to be independent in their performance of civic duties, and vilifies corruption.[2] American republicanism was founded and first practiced by the Founding Fathers in the 18th century. This system was based on early Roman, Renaissance and English models and ideas.[3] It formed the basis for the American Revolution and the consequential Declaration of Independence (1776) and the Constitution (1787), as well as the Gettysburg Address.[4]
Republicanism is not the same as democracy, for republicanism asserts that people have unalienable rights that cannot be voted away by a majority of voters. Since the 1830s when Alexis de Tocqueville warned about the "tyranny of the majority" in a democracy, advocates of the rights of minorities have warned that the courts needed to protect those rights by reversing efforts by voters to terminate the rights of an unpopular minority.[5] According to Edelman (1984), what Supreme Court Justice Joseph Story had warned against when he opposed Jacksonian democracy had happened. Story saw "oppression" when popular majorities in several states in the 1830s began to restrict and erode the property rights of the minority of rich men.[6] Edelman argues that Chief Justice John Marshall, deploying the doctrine of judicial review[7] played a central role in promoting the republicanism of the founding fathers.[8]
"Republicanism" is derived from the term "republic", but the two words have different meanings, therefore people sometimes confuse them. "Republic" is a form of government and "republicanism" is a political ideology.[9]
Two major parties were explicitly named after the idea—the Republican party of Thomas Jefferson (founded in 1793, and often called the "Democratic-Republican party" by political scientists), and the current Republican party (founded in 1854).
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http://en.wikipedia.org/wiki/Kleptocracy

Kleptocracy, alternatively cleptocracy or kleptarchy, from Greek: κλέπτης (thieve) and κράτος (rule), is a term applied to a government subject to control fraud that takes advantage of governmental corruption to extend the personal wealth and political power of government officials and the ruling class (collectively, kleptocrats), via the embezzlement of state funds at the expense of the wider population, sometimes without even the pretense of honest service. The term means "rule by thieves". Not an "official" form of government (such as democracy, republic, monarchy, theocracy) the term is a pejorative for governments perceived to have a particularly severe and systemic problem with the selfish misappropriation of public funds by those in power.


Kleptocracies are generally associated with corrupt forms of authoritarian governments, particularly dictatorships, oligarchies, military juntas, or some other form of autocratic and nepotist government in which no outside oversight is possible, due to the ability of the kleptocrat(s) to personally control both the supply of public funds and the means of determining their disbursal. Kleptocratic rulers typically treat their country's treasury as though it were their own personal bank account, spending the funds on luxury goods as they see fit. Many kleptocratic rulers also secretly transfer public funds into secret personal numbered bank accounts in foreign countries in order to provide them with continued luxury if/when they are eventually removed from power and forced to flee the country.
Kleptocracy is most common in third-world countries where the economy (often as a legacy of colonialism) is dominated by resource extraction. Such incomes constitute a form of economic rent and are therefore easier to siphon off without causing the income itself to decrease (for example, due to capital flight as investors pull out to escape the high taxes levied by the kleptocrats).




Jubilee

http://www.countdowntothemessiah.com/The_Jubilee_Code.html

http://en.wikipedia.org/wiki/Jubilee_(biblical)