6min chapter

The Gray Area with Sean Illing cover image

When meritocracy wins, everybody loses

The Gray Area with Sean Illing

CHAPTER

The Importance of Restructuring the Salary Distribution

We assign status and respect through money, he says. He argues that the obsession with efficiency is itself an elite meritocratic thing. But there are ways in which our current political and regulatory system encourages dispersion rather than equality. And if you want other things to have more value, you either have to somehow sever the way we attach value to money - it's going to be unbelievably hard to do in any kind of capitalist system.

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