Man, that's a simple way to put things.
Another critique, of course, is that technocrats are increasingly isolated from the negative consequences of their decisions. Climate Scientists propose policies that impoverish Appalachia due to dodgy computer models and over-confident projections? They don't lose their houses. Politicians craft an "Affordable Care Act" that raises the cost of health insurance and the deductibles in the policies? They don't feed their kids Ramen for dinner.
And so, our own eyes tell us that technically-minded elites are not better at governance than the hoi polloi. Buckley's dictum that he would rather be governed by the first 2,000 people in the Cambridge telephone directory than by the faculty of Harvard shows us that these problems have been endemic. The last election shows that the hoi polloi are waking up to this.