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1. incompetocracy
n. A government of the least competent elected by the least industrious so that the government can confiscate wealth from the dwindling competent, productive populace.
One can recognize an incompetocracy when a government hasn't passed a budget in years, boasts of its exploits using oxymorons like "lead from behind," openly demonstrates its disdain and disrespect for the serf-like governed, e.g., calling them "racist, red-necked retards," but is re-elected.

Note that an incompetocracy cannot exist without a corrupt press that refuses to expose the incompetence and corruption of said incompetocracy and assists the incompetocracy in the character assassination of those who would competently govern.
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