From Merriam-Webster Online:
bu·reau·cra·cy
Pronunciation: \byu̇-ˈrä-krə-sē, byə-, byər-ˈä-\
Function: noun
Inflected Form(s): plural bu·reau·cra·cies
Etymology: French bureaucratie, from bureau + -cratie -cracy
Date: 1818
1 a : a body of nonelective government officials b : an administrative policy-making group
2 : government characterized by specialization of functions, adherence to fixed rules, and a hierarchy of authority
3 : a system of administration marked by officialism, red tape, and proliferation
Now check this video out (I think you will agree that definition #3 is clearly in action):