"As your naturally more capable and competitive will work harder, and find ways of making more than others."

This is absolute bunk. Many people with capital, simply hold on to it, they aren't necessarily smarter, frequently they have access to information or leverage others don't have. Some people are simply lucky; right place or right time, or first to market. Or first to market with capital.

This is not a rejection of work or a denial of aptitude. But what the meritocracy never, never acknowledges is greed plays a huge role in the consolidation of wealth, and that many aren't motivated by money, but meaning.