punditocracy 

The universe of the mainstream media (pundits) talking heads who tell the general population what to think. Their aim is to influence the political landscape by their erudite utterances. Their stock and trade is opinion, rather than fact with both generally being pulled out of their asses. The punditocracy thinks more of itself than those who listen to it.

Rush Limbaugh. Robert Novack. Ann Coulter. Cal Thomas.

punditocracy by fugitive October 1, 2004

Penitocracy 

Ruled by those who have penises.

I'm tired of working for a company that's ruled by a penitocracy.

Penitocracy by Frustrated Female Employee July 15, 2011