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Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos 'strength, power') is the notion of a political system in which economic goods or political power are vested in individual people based on ability and talent, rather than wealth or social class. [1]
Myth of meritocracy is a phrase arguing that meritocracy, or achieving upward social mobility through one's own merits regardless of one's social position, is not widely attainable in capitalist societies because of inherent contradictions.
Term Description Examples Autocracy: Autocracy is a system of government in which supreme power (social and political) is concentrated in the hands of one person or polity, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control (except perhaps for the implicit threat of a coup d'état or mass insurrection).
Your main wealth-building tool is your income, and it's up to you to protect it. Money expert Dave Ramsey once tweeted that your hard work makes other people rich instead of you when your money is...
Even free time is supposed to be "about something", and compete with everyone else's on social media. [4] In the United States, people of lower classes are conditioned to believe in meritocracy, despite class mobility in the country being among the lowest in industrialized economies.
In many ways, meritocracy is a core part of the American dream. Many believe that anyone, regardless of background or upbringing, can succeed through hard work.
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Sociocracy is a theory of governance that seeks to create psychologically safe environments and productive organizations. It draws on the use of consent, rather than majority voting, in discussion and decision-making by people who have a shared goal or work process.