The point

I got some comments about my previous post. It was pointed out that the capitalism of big corporations is a meritocracy. This is, of course, true and I realized that the main point implied in the artice was not spelled out clearly enough.

Any stable order is a meritocracy given the parameters of the system. My point was that the capitalism of big corporations will not bring about the meritocracy that the Enlightment thinkers and the Founding Fathers of USA had in mind. These thinkers envisioned a society with free individuals, all having an intrinsic human value and where their starting point in life would not be an impediment for the pursuit of happiness.

In a system where the incumbents can tweak the rules in their favor, this will not happen.