How meritocracy harms everyone — even the winners
“the bulk of the reason why our colleges, particularly our elite colleges, are filled with kids of rich parents isn’t that. Instead, it’s that rich parents spend enormous sums of money not on bribing anybody but on educating their children, on getting their children into prestigious kindergartens and high schools, on coaches and tutors and music teachers, and this means the children of rich people simply do better on the merits.
And so the big problem that we face isn’t merely that the rich cheat, it’s that the meritocracy favors the rich even when everybody plays by the rules.”