Technocracy: Unfeasible Ideology Or Necessary Reality?
Technocracy: Unfeasible Ideology Or Necessary Reality? The concept of Technocracy is floating higher in global media consciousness, but often in the wrong context. This author limits his definition to “rule by experts” without mention of Technocracy as an economic system. ⁃ TN Editor The term “technocracy” derives from the Greek words “tekhne” and “kratos”, meaning skill or craft, and power, respectively. It has come to mean the governance or control of society by an elite of technical experts. Technocrat Vs Politician In their nature, technocrats are unelected experts, meaning they do not have to conform to political squabbling and appease the public. A technocrat’s expertise can be of particular importance and use in calming the financial markets and diminishing uncertainty in general. The fact that these officials are unelected enables them to implement policies that are not popular. With no concerns regarding public perception and getting re-elected, policies that are well-founded in data and knowledge, that act for the greater good, are more likely to be passed. However, this contradicts the growing international opinion that unelected officials are not representative of the needs and desires of the population. The specialist know-how undoubtedly enables effective, and in some cases necessary, change. However, this abrupt and direct approach calls into question the feasibility of technocrats as a long term solution. Technocracy Track Record Greece and Italy have a history of leadership from the technical elite, with the former director of the Bank of Greece, Xenopon Zolotas, also being prime minister of Greece between 1989 and 1990. Giuliano Amato (tasked with responding to Italy’s exclusion from the European Monetary System), Carlo Azeglio Ciampi and Lamberto Dini (asked to reform the pensions system) each took office as the prime minister of Italy for a year-long period (in 1992, 1993 and 1995 respectively).
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