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The word 'meritocracy' was originally intended as a pejorative. It was coined in a 1958 novel written by the British social scientist Michael Young. In the dystopia that Young imagined, the old order has been overthrown and replaced with a tyrannical system obsessed with merit.

Today's guest not only joins Young in his critique of meritocracy, he also takes a further bold step in endorsing some extremely old fashioned ideas about wealth, family, and legacy.

In an age when celebrities routinely boast about their plans to disinherit their children and leave them to fend for themselves financially, Johann Kurtz makes a counter-cultural argument for nepotism. Do not give your money to charity, he says. Do not encourage your children to launch themselves into the meritocratic rat race. Learn, instead, from the ancient practices of aristocrats who had very different ideas about how to cultivate virtue in their descendants.

Kurtz is the author of the 'Becoming Noble' Substack. His new book is titled 'Leaving a Legacy: Inheritance, Charity, & Thousand-Year Families.'

Discussed in the show:

• 'Leaving a Legacy'
• Stress induced by downward social mobility
• 'Good Money' podcast series
• Survey on attitudes towards grandchildren
• 'Toxic Charity'
• 'Revolt of the Elites'

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