This #book talks about how meritocracy shouldn’t be the goal of a society.
It’s a controversial idea but arguments that the author makes are worth analysing.
My notes and thoughts in 🧵
1/ The core argument is that meritocracy creates a society of losers and winners.
Winners feel they deserve what they get, but the role of contingency (luck, genetics, background conditions) isn’t acknowledged.
Losers, on the other hand, feel humiliated.
2/ The argument is two fold:
- There’s no such thing as perfect meritocracy
- Even if there is a perfect meritocracy, it isn’t moral to let less meritocratic suffer because merit may not be controllable by an individual
3/ As a concrete example, take getting a degree from a good college.
Not everyone can afford to prepare for good colleges. And even if someone can, if they’re simply not sharp, do they deserve to be left behind?
4/ Meritocracy means the successful feel they deserve what they’ve gotten, and hence are less inclined to share their wealth with their fellow citizens.
This, ultimately, erodes a society,
Such erosion can be seen all across where bipartisan views no longer talk with each other
5/ Meritocracy works at a society level - where jobs are done by the most meritorious people.
But it fails at an individual level - if I’m not meritorious, I’ll suffer badly.
6/ What’s the solution? What does a just society look like?
Author doesn’t give a concrete alternative but talks about ideas such as randomising college admissions (via partial lotteries, to cast a wider net for who gets into a college).
7/ Or taxing consumption but not production.
Taxing economically zero-sum activities such as high frequency trading, while providing extra hourly wage to low meritorious (from economic pov) activities such as teaching.
8/ Overall, I found core ideas refreshing.
But the book is very US centric and was repetitive.
Meritocracy is something I hadn’t questioned before, but thanks to this book, now I do.
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Going through applications for our monthly grants to young people, noticed that the answer to "how will Rs 50k change your life" falls into following categories:
- Pay their course fee
- Buy a laptop
- Fund their NGO
- Start a small business
It hurts to see so many students struggling to pay their course fees because their parents can't afford it.
It's a failure of our nation that highly determined kids have to worry about how they'll pay for their college.
But, at the same time, it also hurts to see how much emphasis our society places on traditional college education.
With so many resources available on the Internet, high-quality self-education can effectively be done for free.
It’s such a deep mystery why do fundamental entities of the universe (particles, fields, molecules) behave in a way that can be captured into neat little mathematical formulas.
This mystery *strongly* suggests the following..
1/ That if these entities behaved unpredictably, we wouldn’t have existed.
Composite systems like us who can ask questions like these can only be built on fundamental units whose behaviour is simple.
2/ That there may be universes where fundamental entities have unpredictable behaviour which can’t be captured by any formula.
Such universes possibly exist, but no being exists within them that can ask complex questions like this one.
1/ As an entrepreneur, you worry about customers all the time.
Focusing on customers is obviously important but customers will never ask you to introduce switching costs, which are precisely what you should do in order to continue making profits.