This seems to be interpreted as a meritocracy vs. oligarchy sort of thing. I agree with the basic takeaways there (about opportunity, resources, discrimination,

This seems to be interpreted as a meritocracy vs. oligarchy sort of thing. I agree with the basic takeaways there (about opportunity, resources, discrimination, network effects, etc.), but even if we had a meritocracy, I'm not sure this would be an unexpected outcome. Since when did anyone think the smartest people, those with the best booklearnin learning acquisition, would be the best entrepreneurs? I don't know that the biggest Ayn Rand cultist would have that expectation. It's equally plausible that the traits that lead to entrepreneurship are heritable but not learning-related.