This is the definition I am using:
a system, organization, or society in which people are chosen and moved into positions of success, power, and influence on the basis of their demonstrated abilities and merit.
3 points
Actually the “cracy” suffix does refer specifically to the distribution of authority. Democracy is a system in which people decide; not just one in which people do well. Aristocracy is where those people are the deciders, not just where they’re the most wealthy.
2 points
