me·di·oc·ra·cy:
–noun,plural-cies.government or rule by a mediocre person or group.
Source.Origin: mediocre and -cracy
More often than not, we can get confused. The above definition seems to link "cracy" with organisations such as governments with mediocre management. Sometimes this can be led by leadership, and sometimes by force.Well, mediocracy is often dedicated to self-interest within groups or individuals with the tendencies to destroy others around them, either peers or colleagues to gain relative advantage.
So don't get confused by the 2 terms as we were clearly brought up in a society where we believe in meritocracy and we work hard for our money and succeed in life based on merits.
Just that I wonder how some "higher powers" are often able to get away with meritocracy with mediocracy. And very often the discussions would ends with "It's an honest mistake, let's move on."