Earlier quoted context omitted.
In my experience it is very subjective and generally contextual what either side of that equation means. The term meritocracy has often been by people who have a very clear view on what contribution and reward mean and they typically assume a closed and fair system where everyone already agreed on the meaning of those terms and on the rules on how to evaluate those things on a case by case basis. To be honest I'm jus…
Under capitalism everyone decides what to reward, even the poorest people in first world countries make tons of decisions what to spend their money on, that is how we decide merit, if people decide to give you their money you have merit. We try to regulate so it doesn't get abusive but there will always be some holes, but that system is as close to an unbiased merit function we have gotten. The other good merit funct…
To me the term meritocracy just seems too idealist and it assumes too much in relation to complex and varied systems like economy or politics.