Privilege and Economic Prosperity: a Complex Interplay
Words: 809 Pages: 3 4788Like economists parsing tea leaves, scholars and pundits endlessly debate the mysterious ingredients of national prosperity. While many advocate for a meritocracy—a system where success is ostensibly based on individual talent and hard work—it is crucial to acknowledge the significant role of privilege in shaping a person's economic trajectory. This essay argues that privilege, often manifesting through structural inequalities such as race and gender, plays a crucial role in determining economic prosperity, despite the meritocratic ideals that suggest otherwise. By […]