An Hereditary Meritocracy

ECONOMIST HEREDITARY(Community Matters) ECONOMIST: “The children of the rich and powerful are increasingly well suited to earning wealth and power themselves. . . Between 1960 and 2005 the share of men with university degrees who married women with university degrees nearly doubled, from 25% to 48%, and the change shows no sign of going into reverse. . . the best predictor of an American child’s success in school has long been the parents’ educational level—a factor which graduates are already ahead on, by definition—money is an increasingly important factor. . . America is one of only three advanced countries that spends more on richer pupils than poor ones . . . More than 50 years ago Michael Young warned that the incipient meritocracy . . . could be as narrow and pernicious, in its way, as aristocracies of old.”

An hereditary meritocracy

 

America’s new aristocracyAmerica’s new aristocracy

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