epistocracy - Wiktionary, the free dictionary
Now, as a newly reformed Episcopal I believe that a rule of the wise is smart if each wise person is in the proper place. It takes more overhead and overview than the other suggestions I've seen, true, but I think it's a good path to move forward to.
I wouldn't be surprised if it attracted some political thinkers who would all want to drain the swamp and unite disenfranchised independents. The only problem is passing that 15% voting thingie.
Anywho that's just my opinion, not saying I'd be a good leader, just that it'd be a good system really.