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A comment on Is Silicon Valley a meritocracy? How can it be if it is based on social networking?.

Re:Is Silicon Valley a meritocracy? How can it be if it is b... by Alex3917 on Friday March 09, 2007 @10:17PM (#3376)
Meritocracy = promotion based on what others think you can do.

Silicon Valley = create wealth based on what you can do.

There isn't a word for it yet as far as I know. Suffice it to say, it's a step above meritocracy.

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Re:Is Silicon Valley a meritocracy? How can it be if it is b... by Tron on Saturday March 10, 2007 @12:36AM (#3387)
I think it's called "capitalism".
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