Tuesday, 4 September 2007

MERITOCRACY

Guys,

I have been through "Meritocracy"

I like this philosophy, and wanted to share it with you

Link on WikiPedia is h3r3

Quoted from WikiPedia"
Meritocracy is a system of a government or another organization wherein appointments are made and responsibilities are given based on demonstrated ability (merit) and talent rather than by wealth (plutocracy), family connections (nepotism), class privilege, cronyism, popularity (as in democracy) or other historical determinants of social position and political power.

The word "meritocracy" is now also often used to describe a type of society where wealth, position, and social status are in part assigned through competition or demonstrated talent and competence, on the premise that positions of trust, responsibility and social prestige should be earned, not inherited or assigned on arbitrary quotas. Meritocracy is used both to describe or even criticize competitive societies, that could accept large inequalities of income, wealth and status amongst the population as a function of perceived talent, merit, competence, motivation and effort."

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