Technocracy is a form of government where technical experts are in control of decision making in their respective fields. Engineers, scientists, health professionals, and those who have knowledge, expertise or skills would compose the governing body. In a technocracy, decision makers would be selected based upon how knowledgeable and skillful they are in their field.
Re: Sciencearchy is a terrible label:
Why not Technocracy?
Wikipedia says:
Not bad, is missing the betting market, but sounds about right.
You may also want to look into the history of technocracy, so you can see how it worked where is was actually attempted. (HINT: not very well.)