Paul Buchheit @ Common Dreams - Warren Buffett once claimed that the "genius of the American economy, our emphasis on a meritocracy and a market system and a rule of law has enabled generation after generation to live better than their parents did." The Economist suggested that "people succeed through brains and hard work." Economist Tyler Cowen believes in a "hyper-meritocracy" in which wealth is created by the most intelligent and motivated people. Read more.
A mine worker shot during an ambush on a mining convoy in Burkina Faso said on Friday he was one of only three survivors from a bus with up to 80 people aboard, suggesting the death toll may...read more.