While there are outliers, it was never a meritocracy, it's just an aristocracy and all these people at the top are cronies, sitting on the board of each others

While there are outliers, it was never a meritocracy, it's just an aristocracy and all these people at the top are cronies, sitting on the board of each others companies, paying themselves and others outrageous compensations, that why they can fail upwards and get promoted even more with each screw up, because they are here to maintain the power of a clique. I don't know anything about the Whitman family but I guess it's a bit, old, rich one with a lot of political ties everywhere. Calling all that a meritocracy makes no sense. It never was. Now the problem today is some people thinking that replacing an aristocracy with a nomenklatura is going to make things better for people at the bottom...