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Gosh, this would make a great subject for a dissertation or another book. Hint hint.
I had to laugh a little, because nepotism and hereditary "right of kings" is certainly not confined to pollyticks, media or hollyweird. I have found it in many industries with similar results and varying levels of competence. It was widely known that the aristocracy here in America arranged for marriages and inheritence in a strict social circle. That accounts for some of the idiots who have run our government and economy into the ground.
Nonetheless, we have only ourselves to blame - for voting them in, giving them power, patronizing their establishments.
Every biologist knows that the bigger the gene pool, the stronger the organism. We have now been victimized by this biological reality. We still have the power to change who we elect and who we support. Hello??!
I can vouch for the fact that most industries in which I have worked are just as incestuous as Warshington.