[sjy]

I don’t think this is an accurate summary of the book. The satirical history of the “modern education system” in chapter 3 describes how funding for public education was increased, and students were aggressively streamed into different schools based only on IQ tests. Eventually expensive private schools went out of fashion because they were attended only by students who couldn’t get into the best public schools, so they no longer conferred academic prestige. Early in the book, capital levies are introduced which prevent the building of new fortunes, and in chapter 7, an Equalization of Income Act is passed so that all citizens receive the same basic income. The meritocracy is transformed into an aristocracy not because “merit” is a proxy for heritable wealth, but because “intelligence” (as defined in the book: “the ability to raise [economic] production, directly or indirectly”) is also heritable, and in the book this effect was amplified through eugenics. You can find a more modern and less satirical take on this argument in Fredrik deBoer’s The Cult of Smart.