Personally, I think the original Deus Ex had the right idea; humans are unfit to govern themselves.
Therefore, we need an incredibly advanced AI capable of storing and processing all the world's information/data to determine public policies. That would include being able to process all the latest information to come out of the latest research and applying that to new policies (especially relevant would be social sciences, psychology & neuroscience so that people can be appeased). Let's face it, intelligence agencies are already using computer algorithms to trawl through the worlds data, this is simply taking it a step further.
Not going to happen anytime soon in terms of feasibility and highly unlikely to happen at all due to human nature.
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