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meritocracy 

In a nutshell: A form of government where your power or position is based on your ability or achievements. Like communism, this sounds really good on paper (or a computer screen).
Allow us to introduce you to the concept of a "meritocracy" - the closest thing
to a form of self-government we have. In The United Meritocratic nation-states
of the Internet, those who can do, rule. Those who wish to rule, learn.
Everyone else watches from the stands.

-- Welcome to the Internet - redpaw 1.16.00
meritocracy by Eric Melech March 1, 2005
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Meritocracy 

First you create a set of measures to define merit and then you promote those individuals which rate the highest on the measuring stick.

The term meritocracy gained strong usage in society with the wealthy after Michael Young's publishing of the book, The Rise of the Meritocracy.
This is my meritocratic measuring stick. It fits me perfectly and thus I am the greatest of you all.

Down with meritocracy
The man who coined the word four decades ago wishes Tony Blair would stop using it
http://www.guardian.co.uk/politics/2001/jun/29/comment

Meritocracy 

Meritocracy is often a fancy word for fascism.
Our eugenics program proclaims I am of greater merit than you and that is why I lead and you follow.

In meritocracy only those who believe they are the most deserving rule.

Meritocracy 

Meritocracy: when your government type is just a sapiosexual orgy.
Meritocracy by AshleeLuna June 11, 2019

Meritocracy

A Marketing term for the promotion of sub-replacement level talent to maintain class and race based caste systems.
University Admission decisions are based on principles of meritocracy where the children of the affluent are able gain admission to prestigious schools through generous donations and/or legacy relationships.
Meritocracy by Chauncy Gardner November 21, 2025

mediocracy

A mediocracy cannot make headway.
mediocracy by uttam maharjan November 11, 2012

medicocracy

A society ruled by doctors. A key postulate of a medicocracy is that there is no natural limit to healthcare expenditures because any attempt to do so will be putting a price on life and that is immoral.
Bob: Maria, we have to declare bankruptcy because we have $160,000 in medical bills due yesterday and no way to pay it.
Maria: That's what you get when you live in a medicocracy.
medicocracy by Inko Inko March 3, 2009