The speech also points out that most people who achieve meritocratically do so because they have access to enormous amounts of resources, since birth. In essenc

The speech also points out that most people who achieve meritocratically do so because they have access to enormous amounts of resources, since birth. In essence the rich used to just hand their wealth to their children (and most still do that too), but now some actually dedicate part of their wealth to training their children to excel in a process that is often nothing more than a dog and pony show.