Could not find it in my old Webster's. Googled it and discovered it is a recently "coined" new word found on a T shirt on eBay. Getting really close to the bone! Read this one over slowly and absorb the facts that totally are within this sentence!
I love this word and believe that it will become a recognized English word. Finally, a word to describe our current political situation.
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.