Word of the Day — September 21, 2012

Meritocracy — MARE-it-AWK-rah-see — a holding power by people selected on the basis of their ability

Example: "An editorial in the N.Y. Times comment on what's wrong with today's leaders: 'The corruption that has now crept into the world of finance and other professions is not restricted to meritocracy but to the specific culture of our meritocracy.'"