This article from the Washington Post has much more to do with sociology than with economics, but it is really worth reading. For those of you who are too lasy to read it completely, this passage summarizes its content quite well:
"I suspect the "anti-elite-educationism" that Bell predicted is growing now not despite the rise of meritocracy but because of it. The old Establishment was resented, but only because its wealth and power were perceived as undeserved. Those outside could at least feel they were cleverer and savvier, and they could blame their failures on "the system." Nowadays, successful Americans, however ridiculously lucky they have been, often smugly see themselves as "deserving." Meanwhile, the less successful are more likely to feel it's their own fault -- or to feel that others feel it's their fault -- even if they have simply been unlucky."
"I suspect the "anti-elite-educationism" that Bell predicted is growing now not despite the rise of meritocracy but because of it. The old Establishment was resented, but only because its wealth and power were perceived as undeserved. Those outside could at least feel they were cleverer and savvier, and they could blame their failures on "the system." Nowadays, successful Americans, however ridiculously lucky they have been, often smugly see themselves as "deserving." Meanwhile, the less successful are more likely to feel it's their own fault -- or to feel that others feel it's their fault -- even if they have simply been unlucky."
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