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Do you believe in meritocracy? Why or why not?
(lemmy.dbzer0.com)
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this post was submitted on 28 Jan 2024
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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.