technocracy

noun, plural tech·noc·ra·cies for 2, 3.

1. a theory and movement, prominent about 1932, advocating control of industrial resources, reform of financial institutions, and reorganization of the social system, based on the findings of technologists and engineers.
2. a system of government in which this theory is applied.
3. any application of this theory.

noun plural -cies

1. a theory or system of society according to which government is controlled by scientists, engineers, and other experts
2. a body of such experts
3. a state considered to be governed or organized according to these principles

n.1919, coined by W.H. Smyth in “Industrial Management” as a name for a new system of government by technical experts, from techno- + -cracy. A type of society marked by the dominant role of people with specialized technical skills, particularly engineers. The control of government and society by people with technical skills, especially engineers.