Future Hindsight

The Cost of Human Capital Meritocracy gives the illusion that we are all equally competing at a level playing field. The reality is that the elite is able to purchase better education, which means they are more qualified when it comes to college admissions and high-income jobs. By heavily investing in education and training, elites build human capital within themselves. They become superordinate workers who are paid enormous wages. The flip side is that human capital enslaves us because we have to yield intensive and alienated labor. In order to maintain status in the elite and reap the benefits of the capital invested in them, meritocrats must work continuously at the highest paying jobs they can find. A member of the elite works punishingly long hours under intense pressure. While meritocracy allows some to become extremely wealthy, they do so at the cost of their own freedom, and ultimately their own happiness. Meritocracy Erodes Democracy Meritocracy erodes democracy in two key ways. First, meritocracy fr