👉 Kakistocracy is an ancient political system in which a small elite group, often led by aristocrats or wealthy individuals, has complete control over their country's government and economy. This type of governance is characterized by a lack of checks and balances, with the ruling class having ultimate power to make decisions that affect all citizens. The term was used to describe the way governments in ancient Greece and Rome were structured, where the elite controlled the means of production, distribution, and even the fate of the