That kind of world is an inevitable outcome of large bureaucracies and over-reliance on qualifications. You don’t just get idiocracy, you get Untruths and policies oriented around expanding the bureaucracy rather than addressing problems. See also: Lysenkoism in the USSR, EU’s model of funding startups through grants.
I honestly think this one of the things the US does way, way better than other developed countries. We pay a price in cronyism and corruption, but we actually let industry experts with real experience both advise on policy and take key government positions. We don’t pretend you need a PhD in X to be knowledgeable about X to nearly the same extent as Canada and the Eu.
You can’t just stick a midwit in a university for 10 years and expect them to be anything other than a midwit, and you can’t expert an organization that values compliance and internal politics more than performance and effectiveness to produce performant or effective leaders. You can’t bureaucracy your way into a free market either.