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There's indeed a rare word "ater" in ancient Greek that means "without" but in the sense of being "aloof" or "apart from" (as when you broke up from a relationship, etc). Which would be a proper use if there wouldn't be a more accurate -and much easier to pronounce and write root word "a-" or "an-" that mean either an absence or sometimes a negation. So "acracy", from "άκρατος" is the form that's been used over the years, often as alternative to "anarkhia".

So I wonder what's the purpose of creating neologisms based in Greek, when Greeks might not have even used...

"ater" is latin, and assumed to come from the Indo-European

"ater" in Galician is different; meaning "to conform" or "to comply"...