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.
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.
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.