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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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