For some reason this idea that meritocracy is undesirable has been making the rounds recently. I haven't heard any proposed alternatives that would be at all viable in a society where we want critical roles to be performed by competent people. Do we really want incompetent people running things because they will botch their attempts at being unethical? It certainly seems like the author is making that argument. Yes,…
There's a brief discussion of that: "Harvard political theorist Michael Sandel suggests that the most exclusive colleges should move away from tournament-style admissions. Instead, he’d like to see them set a minimum competency bar and then accept everyone who clears the threshold." You could apply this thinking society-wide: if you're competent enough to do your job then that's it; there's no rankings.
Isn't this what they already do at a theoretical level? If you have 800 seats in a given class, you keep raising your admissions bar until you get ~800 qualified applicants.
Now we can discuss whether donations and legacy status should play into that bar or not, but I think that's a separate issue.