technocracy

noun

system of governance where decision-makers are selected on the basis of their expertise in their areas of responsibility (esp. scientific knowledge), as opposed to one where elected representatives are the primary decision-makers in government

Pronunciation: /tɛkˈnɒkɹəsi/

Etymology: From techno- (“technical”, “technicians”) + -cracy (“rule by”), attributed to W.H. Smyth.

A system of governance where people who are skilled or proficient govern in their respective areas of expertise.
“When scientific imagination and knowledge of Nature's Laws are substituted in our economics for chance, mystery, and magic;[…] when this economic childish irrationality is sanely substituted by organized Science, Technology, and specialized Skill co-ordinated in National Industrial Management, then will begin real civilization, the Age of Social Sanity, — Technocracy.”
“Macron may be the best of the existing system, but his politics is located within the liberal-democratic coordinates of the enlightened technocracy.”