Comments by "Caesar Renasci" (@CaesarRenasci) on "The Market Exit"
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It's very simple and very complex. The si.9le truth is that if you work hard and live honestly, you can achieve anything: the sky is the limit. This is what has been happening in the U.S. football centuries. Even today, there are about 12-13 million millionaires (excluding the home) in the U.S. The vast majority of them are teachers, fire-fighyers, nurses, librarians...
The complete part is the culture. Your culture does not provide for UPWARD MOBILITY. Having observed that, you concluded that meritocracy does not exist, confusing it thus with the lack of upward mobility.
Just think about it: the Swedes are more successful in the U.S. than in Sweden, Brits more than in Brittain, Italians more than in Italy. It is the same people, all they have is upward mobility and lack it in their native counties.
Keep in mind also that wealth is totally lost in the U.S. within three generations on average. There is thus downward mobility for spoiled brats.
You are also fed wring data. In Denmark, you moved considerably up by moving from $40000 to $70000 because that's were the percentile are. So dishonest people use percentile to prove that socialism works. You hardly move in Danmark at all because incomes are within a very narrow range. Try to make 1 million or 10 millions in Danmark. One way or another -- cultural norms and especially taxation -- make thate nearly impossible.
When I say "you can make it" I don't mean only money. You are also more likely to become a successful scientist or an artist, too.
Finally, they never tell you that the first meritocratic country in Europe was... Turkey, the Osman Emirie. Meritocracy made it powerful and invincible for over 600 years.
So the hard part is to increase upward mobility in your country. You are up entrenched cultural norms and the legal system. What meritocracy is and whether it is useful and fair is easy: it has worked very well wherever it was tried.
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