Meritocracy and Nepotism are opposites. While meritocracy can seem like some sort of unattainable and utopian ideal, the greediest people aren’t just more likely to have obtained wealth and power, they are more likely to have achieved that status by “knowing the right people”. Having connections and buying fake truth with cash instead of earning it because of genuine expertise and proficiency.
Within the movie Wall Street you get a sense that Gekko does have a semblance of competence. He puts in the hours that back up his moral code. It’s a modernized Dickens tale, retelling the same themes with the same messages we’ve know about before the modern twists. (The Dad Joke maker in me is getting side tracked with “Oliver (Stone) Twists” right now.) And this is the part where the hyper nationalism enters the room. Every economic power house thinks they are different. They are special. They’ve decided that they are special and things will be different this time. And that’s how democracy and common good slowly switches to oligarchy. My personal wealth is demonstration of how greed is good. I’m special. I’m different. While the real Wall Street during the movie Wall Street era was infested with malignant narcissism and it was actually no big deal to go bankrupt and start over again because you had connections.
The idea that education matters in a nepotistic society is a cruel joke. It’s non stop ignore what is written in the governing document and financial intimidation. You might start to analyze a confusing array of evidence better as your critical thinking skills evolve. Have fun making a difference if the student loan debt crippled you for the rest of your life. You might demonstrate an understanding of how to keep accurate records. And maybe that’s how you landed an accounting job fresh out of college. But good luck making a difference when that makes you work 65 hour weeks so the oligarchical partners make back room deals to hoard wealth. You may understand that legally blowing up boats that may or not carry drugs is problematic. Good luck making a difference when your coworkers, whether they believe it or not, are talking about how it’s “no big deal”.
An influential class of educated or skilled people. The oligarchs of today are sure influential. It just doesn’t have anything to do with education or skill. It’s not just cheating the system, it’s keeping it perpetually rigged that it doesn’t even matter if you get caught. And again, we knew about it in 1987 with Gekko. We knew about earlier with Potter in It’s a Wonderful Life. We knew about it with the real life Roman Empire, the Dutch and Great Britain.
And what disturbs the most is that although we have lots of thoughtful commentary about media, like maybe this:
https://awealthofcommonsense.com/2020/12/timeless-themes-from-the-movie-wall-street/
That people could intelligently debate. We are so lopsided that like the way people intentionally emulated Gekko
We still are not able to get beyond a simple state of how the morbidly wealthy and powerful never serve any interest but their own. (Look at the date of that article. 2007. Didn’t something happen in like, 2008, that kind of showed that something funny was going on in the financial sector? I…I just can’t remember what it was.)
So let’s run through some of the lack of meritocracy hit list again.
The legal system has left the building. (Supreme Court)
The accounting industry has left the building (Fake and restated numbers investors rely on)
Education left the building a long time ago. Makes the kiddies too depressed.
We’re being forced spent a decade on gematria decodes where everybody’s always right and therefore everybody’s always wrong.
We’ve embraced the “burn the heretics” and “attack the eggheads” lifestyle.
We’re being forced through financial and physical intimidation to admire some of the shittiest people on the planet. Like it’s not enough that lack of cooperation creates Gekko admirers in their own.