New word: Ineptocracy

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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 are least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of an ever diminishing number of producers.

Source: Urban Dictionary (hat tip: Niels Jensen)

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