Every once in a while somebody hits it right out of the park.... Not yet found in the Oxford dictionary, but discovered to be a "coined" new word on T-shirts sold on eBay: Read slowly, absorb the facts that are in this definition! I love this word and believe it will become widely recognized. Finally, a brand new English word that describes not only the present but our future.
INEPTOCRACY - Ineptocracy (in-ep-toc'-ra-cy) - a system of government where the least capable to lead, are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.