The hereditary lottery, in many democracies, has effectively been replaced by a system in which talent, grit, and ability are meant to determine success. Yet, amidst income inequality and legacy of racism, many wonder whether meritocracy works. Critics point to generational wealth and networks that lead to lucrative jobs and fancy educations. Those who defend meritocracy argue that talent ultimately wins out, and despite its flaws, meritocracy remains the most effective way of lifting disenfranchised groups.

Arguing “yes” is Daniel Markovits, professor at Yale Law School and author of "The Meritocracy Trap: How America's Foundational Myth Feeds Inequality, Dismantles the Middle Class, and Devours the Elite."

Arguing “no” is Adrian Wooldridge, political editor and "Bagehot" columnist for The Economist and author of "The Aristocracy of Talent: How Meritocracy Made the Modern World." Emmy award-winning journalist John Donvan moderates.