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You can have different policies by elite technocrats depending on whether your goal is to maximize overall wealth, wealth captured by the elite, or the general good (setting aside for now the definition of "wealth" and "general good")

French technocrats in the middle of the 20th century, prodded by a strong communist party and backed by a fairly paternalistic rightwing, did a pretty good job of working for the general good, notably by building high quality infrastructure for all.

The tools they have used, and exported to notably the European Commission, still work, but they are now used for less broad objectives.

So you need (1) elite technocrats and (2) the proper goals for them.

Ultimately, you get to the question of how to reward elite technocrats. A recognition of their eliteness goes a long way, but this is undermined in a world where money is the ultimate arbiter of who is really elite, become making money does not necessarily require competence... or at least not the right kind of competences, that build rather than destroy or pilfer.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Thu Aug 19th, 2010 at 05:25:28 AM EST
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Also, and more cynically, part of the right-wing side of the technocracy was thoroughly purged in the middle of the '40s. The resulting combination of resistance right-wing and left wing was much more leftish than the technocracy members at any other time. Note that the "resistance generation" remained at the helms of power from the '40s well into the 1980's...

Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Thu Aug 19th, 2010 at 03:33:18 PM EST
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One more way in which the world post-WWII was peculiar...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan
by Carrie (migeru at eurotrib dot com) on Fri Aug 20th, 2010 at 04:05:43 AM EST
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