* Meritocracy isn't, because merit cannot be easily measured and it is trivial for successful bad actors to build moats that prevent anyone else getting as valu

* Meritocracy isn't, because merit cannot be easily measured and it is trivial for successful bad actors to build moats that prevent anyone else getting as valued as them. * Higher economic growth can be achieved by investing in education, but nobody would do that, because it's (rightfully) illegal to sell yourself into slavery in exchange for education. * Regulatory capture sucks and is super hard to work around. It should be combated instead of being relied on as a future moat against competitors.