In *every* hierarchy, the smarter/more ambitious will crawl to the top. Thus *every* system is a meritocracy of some form. The issue is how incumbents are held accountable and the structure of the ladder... https://twitter.com/jcbonthedl/status/1313250491179192322 …
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Unfortunately it hasn't happened, rents have gone up to insane levels for what is very bad housing. Most of those old creaky Victorians have windows that wont open or close properly, electrical work from the 20s, etc. But they can charge $2500 for a 1 bedroom.
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Now isn't the end of time. Markets work but various factors mean they can work slowly.
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