What is the meritocracy system?

Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos ‘strength, power’) is a political system in which economic goods and/or political power are vested in individual people based on talent, effort, and achievement, rather than wealth or social class.

What is an example of a meritocracy?

In many technology companies that employ a meritocracy — Red Hat being one example — people forge their own path to leadership, not simply by working hard and smart, but also by expressing unique ideas that have the ability to positively impact their team and their company.

What are the advantages of a meritocracy?

It prioritizes performance and uses it as a scale for promotions, bonuses, and other rewards. It tends to make employers learn from more skilled coworkers, thereby leading to self-development. It promotes equal grounds for people from different races, classes, and socio-economic backgrounds.

What is a meritocracy history?

The term “meritocracy” was coined by Michael Young, a British sociologist, in a book published in 1958. Young feared that a system that rewarded merit—defined as IQ plus effort—could actually be dystopian because the losers would suffer more than ever.

Which country is meritocracy?

Meritocratic governance in China has a long history, stemming from Confucian ideals. Public officials are selected through rigorous examinations measuring “merit” rather than simply on the basis of their background.

What does meritocratic mean?

noun, plural mer·i·toc·ra·cies. an elite group of people whose progress is based on ability and talent rather than on class, privilege, or wealth. a system in which such persons are rewarded and advanced: The dean believes the educational system should be a meritocracy. leadership by able and talented persons.

Is meritocracy beneficial to society?

Meritocracy has become a leading social ideal. Politicians across the ideological spectrum continually return to the theme that the rewards of life—money, power, jobs, university admission—should be distributed according to skill and effort.