181. What’s So Great About Meritocracy?

Do you really deserve the credit for your accomplishments? Should college admissions be determined by lottery? And how did Mike’s contribution to a charity auction change his life?  SOURCES:Warren Buffett, investor and philanthropist.James Flynn, political philosopher at the University of Otago.Robert Frank, professor emeritus of management at Cornell SC Johnson College of Business.Rogé Karma, staff writer at The Atlantic.Nicholas Lemann, professor of journalism and dean emeritus at Columbia Journalism School.Daniel Markovits, professor of law at Yale Law School.Charles Munger, investor and philanthropist.John Rawls, 20th-century legal and political philosopher.Guy Raz, creator and host of How I Built This and Wisdom from the Top; founder and C.E.O. of Built-It Productions.Michael Sandel, professor of government at Harvard University.Martin Seligman, professor of psychology at the University of Pennsylvania.Ryan Smith, founder and executive chairman of Qualtrics; owner of the Utah Jazz. RESOURCES:The Tyranny of Merit: What's Become of the Common Good? by Michael Sandel (2020).The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite, by Daniel Markovits (2019)."'The Meritocracy Trap,' Explained," by Rogé Karma (Vox, 2019)."Reflections About Intelligence Over 40 Years," by James Flynn (Intelligence, 2018)."Here’s Why Warren Buffett Says That He and Charlie Munger Are Successful," by Emmie Martin (CNBC, 2018).Success and Luck: Good Fortune and the Myth of Meritocracy, by Robert Frank (2016).The Lottery, film by Madeleine Sackler (2010).The Big Test: The Secret History of the American Meritocracy, by Nicholas Lemann (1999).“The Psychology of Human Misjudgment,” speech by Charles Munger (1995). EXTRAS:"What’s the Point of I.Q. Testing?" by No Stupid Questions (2023)."What’s So Bad About Nepotism?" by No Stupid Questions (2022). Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.