Meritocracy requires not only competition but rational competition.

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Under pure competition, it is rational for carriers to generate incremental revenue by setting fares only slightly above their marginal cost.

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We see this notion everywhere: that companies grow primarily because of precise control, zero-sum competition, and the rational primacy of cold-hearted spreadsheets.

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Because in the current chaotic state of conference realignment in college sports, the only rational thing to do is stay one step ahead of the competition and look out for your own best interest financially.

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The world of men is about competition and risk-taking, but it may be less rational.

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