Karl Smith has a very interesting point about technocracy:
As I recently told a correspondent: if we are doing our jobs right then people shouldn’t even know that technocrats exist. They should never think about us. They should think about the things they care about; their children, their friends, their love interests, their dreams. If they know about the technocracy then the technocracy has failed.
This implies the 1940s-era assumption that technocrats can run the economic system more or less neutrally. A lot of people who are smarter than I am still believe this, but I don’t.
Randall McElroy III 
The underlying problem behind the recruitment of technocratic policy makers is the assumption that the problems have somehow changed. The reality is they have not.