The Onion catches up with some innovators at the Cato Institute:
WASHINGTON, DC—Political scientists at the Cato Institute announced Monday that they have inadvertently synthesized a previously theoretical form of government known as megalocracy.
"We were attempting to recreate a military junta in a controlled diplomatic setting, and we applied too much external pressure," said head researcher Dr. Adam Stogsdill, a leading expert in highly reactionary ruling systems. "The resultant government has the ruthless qualities of a dictatorship combined with the class solidarity of a plutocracy—it's quite a remarkable find."
Stogsdill explained that megalocracy is extremely unstable and can only exist in idealistic conditions for a few minutes before collapsing into anarchy.