Worse, it doesn't even seem realistic. Far more likely you'll have anarchy and those with the resources to do so will create social hierarchies.

It would be a meritocracy of sorts, but what talents would you be optimizing for?

My guess would be: Willingness to use violence, cunning, manipulation, organization.

Doesn't sound all that different from the status quo.

Exactly

You'd just get rule by sociopaths - as usual.

No genuine meritocracy anywhere.

Yes, watch or read The Road.

No thank you, once is enough.

Indeed.