The Meritocracy Trap: Daniel Markovits
The Cost of Human Capital
Meritocracy gives the illusion that we are all equally competing at a level playing field. The reality is that the elite is able to purchase better education, which means they are more qualified when it comes to college admissions and high-income jobs. By heavily investing in education and training, elites build human capital within themselves. They become superordinate workers who are paid enormous wages. The flip side is that human capital enslaves us because we have to yield intensive and alienated labor. In order to maintain status in the elite and reap the…
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