Is Meritocracy a Sham? | Amanpour and Company
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Channel: Amanpour and Company
Views: 228,718
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Keywords: Daniel Markovits, The Meritocracy Trap, Hari Sreenivasan, The American Dream, college access, SAT, test scores, public school, private school, Yale Law School, wealthy
Id: BLEvJUNfyBY
Channel Id: undefined
Length: 19min 2sec (1142 seconds)
Published: Fri Mar 06 2020
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Bad headline, as it really isn't the question being asked. Meritocracy itself isn't a sham, but our system, that purports to be a meritocracy, is a sham.
The book is about the ways in which the wealthy have created systemic protections enabling them to exploit opportunities, while excluding those same opportunities for the rest of us. They can do this very efficiently by exploiting tax deductions, enabling them to redirect would-be tax dollars to Ivy League institutions and their own children's education at the expense of the rest. At Princeton, this amounts to a public subsidy of about $100k per student, while the public school Rutgers gets a paltry $12,500 per student.
If your parents can afford giving you an extravagant elite education, then you will get your ticket to participate in the meritocracy they maintain and exploit all the ripe opportunities within. If not, then good luck driving Uber.