The term 'strips away power' can be summarized by the crossword solution 'DIVESTS, ' which is a seven-letter word. Divestment is the act of removing or reducing an entity's control or ownership of something, such as a company or asset. It is often used in the context of corporate divestment, where a company sells off its assets to reduce its size and focus on its core business. Divestment is also used in the context of political divestment, where a government or organization reduces its investments in a particular country or region due to ethical or political concerns.