Earlier this month, Senator Bernie Sanders forced former Starbucks CEO Howard Schultz to testify about the company’s labor abuses before the Senate Health, Education, Labor and Pensions Committee.
Schultz was cranky about it, and when Sanders referred to him as a billionaire, he lashed out. In doing so, he neatly explained the myth of meritocracy, and showed why it is such a pernicious ideological excuse for our ugly, winner-take-all capitalist system.
“The moniker billionaire, let’s just get at that, OK?” Schultz told Sanders. “Yes I have billions of dollars. I earned it, no one gave it to me….It’s your moniker constantly. It’s unfair.”...