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Occupy Wall Street 10.5.2012 [Online Edition]

Occupy Wall Street 10.5.2012 [Online Edition]

Playing tracks by

Toots and the maytals.

Hosts: Aaron Bornstein and Alexis Goldstein

Chris Hayes, journalist, author of 'Twilight of the Elites: America after meritocracy' and host of MSNBC's weekend morning show 'UP! with Chris Hayes'

We talk to Chris about the central premise of his book "Twilight of the Elites", which outlines the origin and current state of the Anglo-American meritocracy. As is so often articulated these days, the idea is that our system provides equality of opportunity, not of outcome. And, it's argued, that's all that it *can* provide, without stepping on what we call our essential liberties. To do anything else would be unfair to the meritocrats, the job creators, the deserving elites upon whose shoulders our society rests. And that's okay, because everyone has a fair shot to *become* one of those. But what if inequality of outcome necessarily begets inequality of opportunity?