"KLEPTOCRACY" means "Rule by Thieves"

ARISTOTLE’s Political Cycle:

MONARCHY ==soon gets perverted into à TYRANNY ==replaced byà ARISTOCRACY (the rule of a few wise & able people) == soon gets perverted into àOLIGARCHY ==to be replaced byàPOLITY (rule of the people or the majority) == gets perverted into àDEMOCRACY  ==& finally replaced byà MONARCHY & the cycle begins all over again. Can you suggest where to place Kleptocracy in it?

Kleptocracy means "Rule by Thieves" (From Wikipedia),  http://en.wikipedia.org/wiki/kleptocracy

[The original Definition as given by Wikipedia has been modified:-
GOVERNMENT was replaced WITH “Management”]

Kleptocracy, alternatively cleptocracy or kleptarchy, (from Greek: κλέπτης - kleptēs, "thief" and κράτος - kratos, "power, rule", hence "rule by thieves") is a form of “The Management” corruption where the “Management” exists to increase the personal wealth and admin. power of its officials and the ruling class at the expense of the wider population, often without pretense of honest service. This type of “Management” corruption is often achieved by the embezzlement of funds.

Kleptocracies are generally associated with corrupt forms of authoritarian Management, particularly dictatorships, or some other forms of autocratic Management in which no outside oversight is possible, due to the ability of the kleptocrat(s) to personally control both the supply of 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 addition, the money that kleptocrats steal is often taken from funds that were earmarked for public amenities, such as the building of hospitals, schools, roads, parks and the like - which has further adverse effects on the quality of life of the citizens living under a kleptocracy.