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Definitions by The Piracrats

piracracy 

A government run by pirates for the enrichment of pirates. Piracracy usually results in oppression of other pirate groups
A real world of example of a piracracy is

"Blackbeard's oligarcy prohibited Red Jack's ability to loot. This was because Blackbeard's pirate empire operated as a piracracy"
piracracy by The Piracrats July 5, 2006