A pure technocratic driven state leveraging econometrics or optimization theory for the sake of it has failed multiple times. For example, the failure of the USSR's planned economy, the failure of the US's Vietnam War objectives due to a hyper-metrics driven workflow, etc.
On a separate note, I have always considered returning to grad school and making a small career of translating esoteric Econometrics models into ML models to make a brief publishing career. A Russian American friend of mine did something similar by essentially basing his CS research career on older Soviet optimization theory research that wasn't translated into English, so he could boost his publishing ability.
People are the problem here. As always. But of course AI itself need to be managed by people too so it can rose similar problem. Politics itself is the issue.
AI is not some runaway Skynet type of a thing. It's controlled by people, who will use it for good and bad.
Not to mention that AI is and will be owned by people who are already concentrating power in their own hands. They're not going to, voluntarily, relinquish that power.