valedictocracy
n.— «This truly will be an administration that looks like America, or at least that slice of America that got double 800s on their SATs. Even more than past administrations, this will be a valedictocracy—rule by those who graduate first in their high school classes.» —“The Insider’s Crusade” by David Brooks New York Times Nov. 21, 2008. (source: Double-Tongued Dictionary)