noun
a portmanteau of 'chum' and 'democracy', used to describe a system where government decisions are made based on personal friendships and loyalties rather than merit or expertise
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The prevalence of a chumocracy in the government has raised concerns about transparency and fairness.
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It's no secret that this company operates on a chumocracy basis, with promotions going to friends of the boss.
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I heard that the whole hiring process is just a chumocracy - it's all about who you know.
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The chumocracy at play in the social circle ensured that only a select few were invited to the exclusive event.