meritocracy

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TERM OF THE DAY meritocracy Governance by elites who deserve to wield power because they possess merit (defined as 'intelligence plus effort') instead of by those who merely possesswealth or belong to privileged classes. Such a system, in theory, forms the basis of an 'equal opportunity' society. But, in practice, unrestricted meritocracy mayresult in a society without rules and concentrate power in only a few hands. The term was coined by the UK sociologist Michael Young in 1958 book, 'The Rise Of Meritocracy.' Learn more about this term Usage Example The United States is known for its equal opportunity society where meritocracyreigns because the majority of elections and appointments are merit based rather than privileged based.