Noun combining the root word and noun "penis" with the and combining noun form "-cracy," a suffix which menas "form of government, social or political class, and theory of social organization."

Penistocracy Definitions:

1 : government by the biggest dick or by a group of small, but nevertheless dickish dicks; also, government by the biggest pricks or assholes

2 a : a government in which power is vested (see 2vest 1a) in a minority consisting of those who are the most dickish

2 b : a state with such a government

3 : a governing body or upper class usually made up of a hereditary nobility a member of a penistocracy

4 : a class or group of people believed to be superior (as in rank, wealth, or intellect) an intellectual penistocracy

v. collectively or individually finding someone/something to blame for a problem, as opposed to brainstorming which connotes finding solutions to a problem

n. the act of finding someone/something to blame for a problem

(from a TV ad for HD television)