The principle of keeping the management of a national economy away from politicians and handing it to technocrats is very sound – as has been proved over the last THREE years by the procrastination and ineptitude of Euro politicians.
However, handing-over a sovereign economy to technocrats could be considered counter-democratic because technocrats tend to be unelected.
The “unelected specialists with focused knowledge versus elected generalist know-all politicians “ argument is set to explode in Italy where the new government is expected to be made up of mostly non-political, unelected technocrats.
Both the Italian Democratic Party and Berlusconi’s PDL are seeking Cabinet representation – even though they have shown that they will be able to add little to the issues.
This should prove an interesting time and possibly a template for other democracies with elected politicians who have absolutely no idea how to deal with a failing multi-faceted and complex modern economy.