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Do you believe in meritocracy? Why or why not? (lemmy.dbzer0.com)

submitted 10 months ago by [email protected] to c/[email protected]

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This is the definition I am using:

a system, organization, or society in which people are chosen and moved into positions of success, power, and influence on the basis of their demonstrated abilities and merit.

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[–] [email protected] 2 points 10 months ago

Absolutely not. Demographic data shows it's shit, income distribution data is best explained by a random walk process (neat graphic explainer here), and all the data on startups and investing show that there's no free lunch; capitalism actually does ensure everything gives the same steady return on average.

Every rich person won some sort of lottery. Even the bona-fide engineers are never the only ones that could have invented whatever thing - as technical person myself.