who? me? elite?

If you think Malaysia is elitist, what do you call a country where:

1. The best universities are private institutions, i.e. not gahmen-funded, i.e. only those who can afford education get it. And I mean afford with a capital A. to the tune of US$50,000 a year.
2. Admission to these institutions is a totally opaque affair. There is no accountability, and rejection is just a fact of life, no questions asked. There is no such thing as an appeal, hor.
3. You do not even have to pretend to be competent to rise to the top. You can average a C+ in college, and still be president for 8 years. Just because your daddy blazed the trail for you. Or more accurately, because your family owns lots of oil in the land of the cowboys.