Technocracy is a system of governance where decisions are made by qualified experts, or technocrats, rather than by elected political representatives. Most technocrats are appointed by some higher authority, such as a government agency, or a private organization or corporation. Technocrats are generally chosen for their technical experience or expertise in a specific field and are expected to make decisions based on data and objective methodologies, as opposed to personal opinion or vested interests.

The concept of technocracy originated in the early 1900s, when the French economist Henri de Saint-Simon declared that the industrialization of society could only be achieved by experts taking control of the management of vital resources. Technocracy became very popular in the 1930s, when a number of European nations adopted the system to manage their economies in the wake of the global financial crisis. Several technocratic governments have also been established in countries such as Mexico and Hungary, with varying degrees of success.

Proponents of technocracy claim that it offers an efficient, data-driven and logical solution for tackling complex problems that cannot be managed through traditional political mandates. They contend that technocracy minimizes the risks of political manipulation and economic disparities, as decisions are based primarily on facts and scientific evidence rather than on subjective values and influences.

On the other hand, critics argue that technocracy is undemocratic, as it is not bound by the will of the people or by laws, regulations and oversight. They also claim that technocracy can lead to the concentration of power to an elite group of experts, who may not prioritize public interests. Furthermore, they argue that technocracy could stifle creativity, as decisions would be made solely on the basis of quantitative data rather than on personal values and opinions.

Overall, the debate around technocracy is ongoing, with proponents arguing in its favor on the basis of efficiency, while opponents contend that the system could lead to an erosion of public autonomy and the rise of technocratic tyranny. It is clear that technocracy has merits and limits, and careful evaluation of its pros and cons is necessary in determining its effectiveness for any particular society.