It's not in your old Webster's. Google says it's a recently coined
word found on a T-shirt on eBay. Read this one slowly and carefully to
absorb it fully! 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.
Finally, a word to describe our current political situation.