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Do you believe in meritocracy? Why or why not?

This is the definition I am using:

a system, organization, or society in which people are chosen and moved into positions of success, power, and influence on the basis of their demonstrated abilities and merit.

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  • For anyone interested, Wikipedia provides some arguments against meritocracy.

    https://en.wikipedia.org/wiki/Myth_of_meritocracy

    Meritocracy is argued to be a myth because, despite being promoted as an open and accessible method of achieving upward class mobility under neoliberal or free market capitalism, wealth disparity and limited class mobility remain widespread, regardless of individual work ethic.

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