The behaviour of Rockefeller (talked about in part one) aligns with Pinketty’s view of meritocratic competition making sense only when one is trying to establish a fortune. However, once wealth is acquired it makes more sense to turn anti-competitive so you can live off of the rent extracti...
This is because the initial odds are so fantastic that they seem insurmountable, making it almost impossible for players to believe they can lose. Additionally, the desire to win is augmented by what researchers call the “meritocratic illusion.” In this view of society, success is determined ...