INEPTOCRACY is a system of government where the least capable of leading 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.
«In particular, in a world with constraints on the funding and dissemination
of ideas (e.g., a limit on the
number of faculty slots, or, more abstractly, a limit on the attention span
of the potential audience), large and sudden increases in the population
of producers of knowledge can result in
diminishing marginal productivity for a pre-existing worker,» it continues.