Tag: Meritocracy

At the heart of many popular debates on economics in America today lies a simple ethical question: Does a billionaire deserve to be a billionaire? Proponents of free-market capitalism might answer with a resounding, “Yes!” The billionaire worked hard and produced value the market...

At the heart of many popular debates on economics in America today lies a simple ethical question: Does a billionaire deserve to be a billionaire? Proponents of free-market capitalism might answer with a resounding, “Yes!” The billionaire worked hard and produced value the market...

The myth of meritocracy claims that Americans live in a fair, equal society, where hard work and resilience are the factors most responsible for shaping our lives. Under this theory, nothing stops anyone from succeeding other than, perhaps, themselves. This worldview may seem like a harmless attempt...

Meritocracy operates on the premise that individuals initially start off on an equal footing socioeconomically to advance their socioeconomic status as much as they wish. However, in capitalist Singapore, it is impossible to establish a dictionary-definition meritocracy given the growing socioeconom...