BANDITOCRACY:
A political & economic system that are run by bandits. Corporate bandits, bureaucratic bandits, religious/ traditional bandits, economic bandits, political bandits, etc. Every aspects of the society is neck-deep in banditry.

Elections are officiated by professors who run them like bandits.

Security operatives behave like bandits.

Corporate organizations cheat their subscribers like bandits.

Government servants collude with corporate organizations & individuals to rob government revenue like bandits.

Government contracts are awarded & executed in banditry fashion.

Legislative & judicial processes can be lifted from episodes in bandits' movies!

Those the society call bandits in such societies are but the lowest class in the banditary classes of that society. These are the gun carrying bandits that waylay & grab people; or attack communities.

Top on the social class of such banditary societies is the political class. Political pursuits are 100% about self masquerading as public interest; & executed with applications of banditary methodology.

What else do you call such a political & economic system, but BANDITOCRACY!