Our billionaires don’t merit either their billions, the Oxfam economist Didier Jacobs points out, or the right to claim we’re all living in a ‘meritocracy.’
Do our grandest fortunes really reflect merit? Oxfam economist Didier Jacobs last year set out to examine that question, and he has just published a paper that offers a fresh new take on meritocracy and the rhetoric and reality behind it. Too Much editor Sam Pizzigati last month asked the Boston-based Jacobs to share the thinking that underlies his innovative new research.
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At inequality.org
At inequality.org
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