Creating a new word for "meritocracy" could involve blending existing words or creating something entirely unique. Here are a few suggestions:
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Talentocracy: Combining "talent" with "ocracy," emphasizing the role of individual talent in leadership and decision-making.
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Skillocracy: Focusing on skills as the basis for achievement and advancement.
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Abilocracy: Merging "ability" with "ocracy," highlighting the importance of personal abilities.
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Excellency: A nod to excellence, this word suggests a system where individuals are rewarded based on their outstanding performance.
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Virtuocracy: Derived from "virtue," this emphasizes moral excellence alongside merit.
Do any of these resonate with you, or do you have a specific concept in mind that you'd like to capture?