The Serfs | What is meritocracy? The mystery of capitalism explained - #capitalism #meritocracy @TheSerfsTV | Uploaded October 2018 | Updated October 2024, 19 hours ago.
Power is held by people based on their ability. Right? There couldn't be anything else at play? This documentary explores the history of meritocracy and what role it plays in the capitalist system.

Note: America being the richest country refers to total GDP not GDP per capita. Thanks to Ben Spiceo for pointing this out.

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Sources:
nytimes.com/roomfordebate/2012/12/19/fears-of-an-asian-quota-in-the-ivy-league/statistics-indicate-an-ivy-league-asian-quota
Mulligan, Thomas (2018). "What's Wrong with Libertarianism: A Meritocratic Diagnosis". The Routledge Handbook of Libertarianism. Routledge.
oxforddictionaries.com/definition/meritocracy
theguardian.com/politics/2001/jun/29/comment
theguardian.com/commentisfree/2017/mar/20/meritocracy-inequality-theresa-may-donald-trump

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