meritocracy

mer·i·toc·ra·cy
merəˈtäkrəsē/
noun
  1. government or the holding of power by people selected on the basis of their ability.
  • a society governed by meritocracy. 

     plural noun: 

  • meritocracies: a ruling or influential class of educated or skilled people.  

While researching the concept of privilege, I came across the term “meritocracy.” More on privilege in my next post, but I’m attaching a link to a piece in The Economist that expands on the idea. Is it only ability, skill & hard work that determine our place in American society?