Tribbles wrote: Whats wrong with normal money?
As I have understood it, our current technology allows us to produce goods and services to an abundant degree, with the effect that they lose their monetary value. Money is thus simply unnecessary in a post-scarcity environment. A classic example used by Kolzene is one's refusal to 'buy' (a canister of) air because of its natural abundancy, unless this abundancy is not present(in a lift for example), when it suddenly has monetary value. Comparably, the reaction of the current price system has been to impose restrictions on the rate of production(artificial scarcity).
Medieval-style technocracy would just mean that the experts who rule would have different skills and know-hows. This form of technocracy does involve trade and money though
As far as I know, the abolishment of the price system is practiced by all technocrats, but the idea is not inherent to technocracy itself. The essence of technocracy is the resolving of problems and the determining of policies through logical thinking(objective) instead of ideological notions(subjective). This will leave any kind of decision-making apparatus in the hands of people whose area of expertise is relevant to the issues concerned. The failure of the price system is a problem encountered in the field of economics, and the solution offered by Technocracy was simply created through logical, technocratic means.
Personally, I am yet to see why technocracy is favorable to meritocracy. Both systems are essentially the same, but technocracy seems to put the sole emphasis on decision making by people associated with beta sciences(the 'medieval' technocracy hypothesised by you would thus be very restricted if not non-existant). I know that individuals specialised in beta-sciences are the first and main necessity for running a Technate, but they will not cover all fields of government. For instance, I cannot see boffins being in charge of things like cultural events.