Cesar Hidalgo on the Meritocracy and Topocracy of Networks
Markets in networks, are they democratic ? "Professor of Media Arts and Sciences Cesar Hidalgo on meritocratic system, rock star behavior, market mechanisms, and new media."
Mathematically, it would take between 17,000 and 22,000 connections to have a true meritocratic network, i.e. where merit is correlated to contributions ; otherwise we have topocratic networks, where your merit depends on your place in the network.