alt Hacker News> technocracy
What you mentioned is not a technocracy. Technocracy is when all decisions are made by real specialists in the field, based on scientific methods (simply speaking). What you mentioned is a plutocracy, a form of oligarchy in which decisions are made by people of great wealth.
I couldn’t just ignore this because, in my view, technocracy (as I’ve described it) still has some merit - for instance, appointing only genuine economists to head a hypothetical Ministry of Economy makes some sense - whereas oligarchy and plutocracy have nothing good to offer. Of course, this is just my personal opinion.
I think most AI execs I'm familiar with would, if they were the god-monarch of humanity, recruit real specialists applying scientific methods to make most decisions. They seem like the kind of people who would understand that the Ministry of Economy is doing valuable things which shouldn't be compromised for personal expediency. Does that really make it any better?