Ineptocracy [in-ep-toc’-ra-cy]

A system of government where

  1. the least capable to lead are elected by those least capable of producing, and
  2. where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated [taxed] wealth of a diminishing number of producers.

When a state reaches a position in which enough (~50%) of it’s citizens rely on the largesse of the state for their continued sustenance, the form of government becomes one of ineptocracy”.

In order to gain and maintain political power a government must pander to the wants of the majority – a majority whose wants are not in the interests of those whose wealth and productivity is required to support the economy and ultimately to provide the largesse upon which the “least capable” rely.

Ayn Rand’s famous novel “Atlas Shrugged” is based upon the premise of a nation collapsing under a state of ineptocracy.

In summary: “Government of the people, by the least capable, for the least productive”.