Commenters bringing up "meritocracy" don't seem to realize that fair meritocracies rarely exist in society. Often, your merit allows your to accumulate more merit, making the merit function geometric rather than linear. When the merit function is geometric, all it takes is a small change of fortune to start a rapid rise or a rapid decline. "Turning 100 dollars into 120 is work. Turning 100 million into 110 million is…
The concrete example I often give is that as a conference organizer we decide to be a meritocracy. Great! As a fair meritocracy, all else being equal between speakers a tie breaker is how many talks you have already done. Experience should count right? So let's look at it in detail. Fred and Sarah both submit great talk proposals. But Fred has done ten talks and Sarah has done nine, so he gets the slot. Looking back…
As an analogy, safe driving is a good principle. Assessing the safety of a driver by past behaviour ("this person hasn't crashed in a while") is decent but biased metric. E.g. "drunkenness" might be a better metric. But the choice of metric doesn't (in)validate the underlying principle.