We are the land of meritocracy, rugged individualism and equal opportunity.
The Tryhards Freddie DeBoer, The New Inquiry Liberal pundits are surprisingly radical in their critiques of American meritocracy.
Except that in his meritocracy, Pincus has created a class of stock just for himself.
A government or society in which citizens who display superior achievement are rewarded with positions of leadership. In a meritocracy, all citizens have the opportunity to be recognized and advanced in proportion to their abilities and accomplishments. The ideal of meritocracy has become controversial because of its association with the use of tests of intellectual ability, such as the Scholastic Aptitude Test, to regulate admissions to elite colleges and universities. Many contend that an individual's performance on these tests reflects his or her social class and family environment more than ability.