— a government ruled by one individual.
DEMOCRACY [Greek demokratia, from demos “people” + -kratia from kratos “strenghth, power.”
— a government ruled by the people
— a government by the “best” people, usually nobility and self-appointed.
— Those who make up an oligarchic government
— A state ruled by such a government.
POLITICIANOCRACY (my word, derived in a somewhat similar fashion to the previous ones.)
— a government of the people, by the politicians, and for the politicians.
Which one best fits our country today? I vote for the last one.