A form of government run entirely by one or more Molochs. The Molochs control the media, fund corrupt politicians, and run the banking institutions. Only those who are truly deranged are capable of uttering the word aloud, and only they can interpret what a moloch is saying.
Rick Santorum: "I don't apologize for the Iranian people being free for a long time, and now they're under a Molochracy that tramples the rights of women, tramples the rights of gays ..."
American Public: A politician said it, it must be real. *nod heads*