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I know an answer to most of the concerns pointed to in the videos above.
Technocracy; a proposal for a steady-state, post-scarcity economic system. It is intended for industrialized nations with sufficient natural, technological, and human resources to produce an economic abundance. Primarily this refers to the continent of North America, but may also apply to other areas today as well if they have achieved certain minimum criteria.
In my personal opinion after taking my time to thoroughly read the information given and asking my questions, this is the only logical choice we have given our technological age. I wholly encourage you all to read up and carefully scrutinize Technocracy.
Please, take your time and read what the following link has to offer.
http://www.technocracy.ca/simp/begin.htm