"The raison d’etre for meritocracy is clear. The economic advantage that accrues to a person should depend on capabilities and effort rather than family background. Meritocracy allows the most talented to succeed through equality of opportunities and fair competition leading to a more equitable distribution of income and wealth. Meritocracy facilitated social mobility in Singapore, enabling the growth of an expanding middle class. We now agree, however, that the very conditions that contributed to meritocracy can also result in inequality."
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"Speech by President Halimah Yacob at the Institute of Policy Studies 35th Anniversay Gala Dinner" (26 June 2023)
https://en.wikiquote.org/wiki/Halimah_Yacob
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Halimah Yacob
Halimah Yacob (born 23 August 1954) is a Singaporean politician and lawyer who served as the eighth president of Singapore from 2017 to 2023. She is the first female president in Singapore's history. Prior to her presidency, she served as Speaker of Parliament from 2013 to 2017 and was the first female speaker in Singapore's history.
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