Using the t·vidence chat Ho provides, can we say that Wall Street qualifies as a true meritocracy-that is. an elite sy�tcm whose �uccess has been achieved by virtue of ability, mcngth of character....

Using the t·vidence chat Ho provides, can we say that Wall Street qualifies as a true meritocracy-that is. an elite sy�tcm whose �uccess has been achieved by virtue of ability, mcngth of character. and hard work� Or, conver..dy. do investment bankers represent an example of unearned privilege? One measure of a mericocracy is the degree to which its member; are required to compete in order to gain entry into the ranks of the dire. Are the Ivy Leaguer; recruited by Wall Street �ubjected co rigorous competition, or would you say they have been protl'Cted from competing by the process of recruitment? What orher evidence can you provide to �upport the case for meritocracy, or the case for speciaJ privilege?