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squattocracy

noun squat·toc·ra·cy \ skwätˈäkrəsē \

Definition of squattocracy

plural -es
:the wealthy and influential owners of sheep ranches in Australia
  • were dependent upon the emerging squattocracy and the more highly paid government officials
  • —Bernard Smith

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Origin and Etymology of squattocracy

1squat + -o- + -cracy

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