Is Meritocracy a Sham? | Amanpour and Company

Yale law professor Daniel Markovits says the system that values hard work and promotes the American dream is in itself a sham. He is taking aim at the very structure that made him a success in his latest book, “The Meritocracy Trap.” He joins Hari Sreenivasan to discuss.

The average ivy lead student receives a $100,000 subsidy (through tax advantages).

HOW CORONAVIRUS EXPOSED THE “SHAKY FOUNDATION”

What happens when an upheaval so massive forces financial markets, governments, and society to rethink how our systems work? Michael Krieger, author of the Liberty Blitzkrieg, joins Real Vision to explain what coronavirus and the response to the outbreak has revealed about the condition of American systems – from financial markets to the health care system. Tracing the story of financial markets and societal trends over the past two decades, Krieger outlines how our systems have been pushed to the brink – focusing on emergency policy responses and the everything bubble. He also provides viewers with potential solutions to the systemic decay that has been brought to the forefront by the coronavirus outbreak.

Society as we know it will collapse unless we institute the necessary liberal reforms.

The future looks quite grim.

Blind capitalism, or the wholesale deregulation of markets made possible by a failed liberal class, is an undiscriminating destructive force.

Without limitations imposed on mass production or industrial growth, the ecosystem that supports our very existence has been brought to the brink of collapse. Climate change, spurred by unregulated production and consumption, will drastically alter the living conditions on earth.

Moreover, there is a revolution in our future, and one that will be born at the far-right end of the American political spectrum.

Revolt is necessary, as it is our only means of toppling corrupt government. However, this revolt won’t come from the middle classes or be inspired by moderate politicians.

Looking back to Germany in the late 1920s, citizens then knew revolt was coming. Theirs too came from from the far right, as Adolf Hitler and the Nazi party used government weakness along with people’s frustration to gain political power.

The only solution is a complete restructuring of human society into small communities, in which small groups of people can rebuild their lives.

These communities will have to be modest and self-sufficient, growing and building everything they need themselves. To live within their means, these groups can’t be much larger than a few families, otherwise they risk becoming reliant on larger industrial producers.

Hopefully, these small communities will give birth to a new kind of political system, one that is not so easily corrupted by the power of money or wishful thinking.