“Ineptocracy” (inept + democracy) has been given a popular definition on many websites and images since at least October 2011:
 
Ineptocracy (in-ep-toc’-Ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
 
“Ineptocracy” has been cited in print since at least 1992 and 1996. The term was popularized by a March 2, 2006 post on the blog Daily Kos, “A New Word for the English Language - Ineptocracy” by deepsouthdoug. That post referred to the presidency of George W. Bush. The term “ineptocracy” appeared on many websites in October and November 2011 referring to the presidency of Barack Obama.
 
An older term meaning a government by the worst people is “kakistocracy.”
 
   
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From: .(JavaScript must be enabled to view this email address) (Dian De Sha)
Date: Thu, 20 Aug 1992 16:49:42 GMT
Local: Thurs, Aug 20 1992 10:49 am
Subject: Re:—-istocracy ???
 
In

.(JavaScript must be enabled to view this email address) (Jim Green) writes:
 
>Kakistocracy is governance by the worst.  I take this to mean the most
>evil, degraded, despicable, or the like.  What is the form of
>governance that is by the least able or competent…as in the
>administration of a university…is this also kakistocracy?
 
Ineptocracy?
     
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From: .(JavaScript must be enabled to view this email address) (Michael Nachtigaeller)
Date: 1996/06/11
Subject: Re: al urker asks a question
 
>  - would rule by rincewind be a thaumaturgocracyy, or a timocracy ?
 
Or perhaps a traumarchy, or an ineptocracy ?
 
Daily Kos
Thu Mar 02, 2006 at 09:27 AM PST.
A New Word for the English Language - Ineptocracy
by deepsouthdoug
As I watched the tapes of brain dead Bush doing nothing before Katrina slammed into the Gulf, I had my usual visceral reaction that Bush is inept and incompetent and this tape was more proof of it.  Then I had one of those eureka moment - Bush has really institutionalized ineptness. 
 
Bush’s government is based on Ineptocracy.
 
Now to begin we have to visit the definition of inept:
 
Inept - generally incompetent and ineffectual
(...)
Ineptocracy - the belief that rulers should be chosen for their generally incompetent and ineffectual qualities. 
(...)
Ineptocracy spawns a couple of other words.  We have the noun Ineptocrat:
 
Ineptocrat, noun - an official of an ineptocracy
(Alternate definition - someone who isn’t worth a pinch of dog shit)
 
And we have the adjective Ineptocratic:
 
Ineptocratic, adjective - of or relating to or resembling an ineptocrat or an ineptocracy
 
Stress (Scott Horton’s Blog)
The reign of the Ineptocrats
By Ken ⋅ May 21, 2007 ⋅ Post a comment
I borrowed the term “Ineptocrat” from some Israelis who coined it to describe those who started their recent, futile, war in Lebanon…
       
Twitter
Duh_Progressive
@Duh_Progressive
90 min. on phone w/ FedEx., 40 min. on phone w/ health ins. co. 28 min for Verizon. 18 for pharmacy. We’re living in a total INEPTOCRACY!!!
2:36 PM · Dec 18, 2010·Twitter Web Client
       
Twitter
Paul Flynn
@PaulFlynnMP
Replying to @bernardjenkin
@bernardjenkin Bravo! Your existence is not entirely in vain. Creating work for Cameron’s victims is better than building a Tory ineptocracy
11:32 AM · Oct 2, 2011·Twitter Web Client
   
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Asheville Tea Party
@AshevilleTeaPty
Ineptocracy (in-ept-o-cra-cy) http://nblo.gs/ojZrf
5:56 PM · Oct 11, 2011·NetworkedBlogs
 
West End Anglers Forum 
Ibtsoom
October 13th, 2011, 11:00 PM
Addition to Robalo’s Unabridged Dictionary
NEW WORD: Ineptocracy (in-ept-o-cra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers.
   
Urban Dictionary
Ineptocracy
*_Ineptocracy_****(in-ep-toc’-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers*
The occupy protesters are part of the ineptocracy movement.
by Merritt Man Oct 28, 2011
 
Points and Figures
New Words-Ineptocracy
Posted by Jeff Carter on November 3rd, 2011
Was watching CNBC this morning and I learned a new word. Usually I learn my new words from the former President Bush, or the former Chicago Mayor Daley.
 
The word is: Ineptocracy
 
Urban Dictionary
Ineptocracy
(in-ep-toc’-ra-cy) - a system of government where the least capable to lead are elected by the least capable of producing, and where the members of society least likely to sustain themselves or succeed, are rewarded with goods and services paid for by the confiscated wealth of a diminishing number of producers. syn- socialism.
(...)
by ManInSt.Louis February 21, 2012