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Definitions by Cameron @Recognized

Recognition Economy

What happens when the trophy becomes more valuable than what you did to earn it.

A sprawling global industry built around organizing, judging, reporting, and monetizing formal recognition from workplace recognition to the global awards like the Oscars to competitions for things you didn't know existed.

Somewhere between meritocracy and theater, and increasingly hard to tell which.
They launched an award just to have something to nominate themselves for. Peak Recognition Economy.