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Meritocracy exists on a small scale, but always remember that someone wrote the rules, and they generally have an opinion on the outcome. The best moment of the show was when they changed the rules of the glass jumping game after someone figured out a trick to win. Basically the whole RobinHood/GMC debacle. Only approved parties get to manipulate the market.

Most of us are on the winning side of the game right now - central banks have dumped a ton of money into investments and banking, software has very low marginal cost at scale, and companies can be unprofitable for decades if they have a good story. Big Tech has also been immune to regulation and taxes. If the regulatory/legal space or the market want ROI now, then many of us may be the losers in the next round of our economic Squid Game.