A new vocabulary word

The other day, my husband brought a new word home for us to learn.
Ready?

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.

Study up, there will be a final comprehension exam on this topic in November 2012.