I received the following from a good friend this past week and find it very interesting. The new word and its definition are very appropriate in today’s society.
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 (or willing) to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
Well defined; well defined indeed.
-Jamie Gardner