Having judges and university trustees hired on merit rather than campaigning to be elected does not make a system autocratic.
Being super rich != merit. This is what seems to be happening in practice.
What better merit is there than public approval for positions like that?
If you ask five people who can't speak French to tell me which French-language essay deserves a higher grade, you'll quickly discover that their merit-finding abilities are a coin flip.
The whole purpose of elections is tangential to merit. There's important reasons to have them, but finding the 'best' candidate isn't one of them.
Who chooses them? What makes you think they choose them on merit?
It's the whole theological foundation of northern european and american protestantism = being rich means good loves you, so you're a good person.
How they got there from jesus saying rich people can't go to heaven is one of those theological acrobacies they criticise so much in catholics, but don't disregard doing themselves when suits them.