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 mother of a student in a Montgomery County Public School in Maryland is outraged that police and school officials were called on her 10-year-old son for handing out play money to his friends on a school bus. Read more.