1) Form of government where control of the political system and its institutions lie in the hands of a bunch of bitch ass putos. Typically characterized by trifling squabbling, by sell outs who fuck everything up for everyone else.
2) Any organization that is run by one or more putos that are either ignorant of or don't care that they fuck things up for everyone else.
Those obstructionist Republicans and their petty bullshit have turned this country into a Putocracy.
Every since Shannon was promoted she's turned this place into a Putocracy.