In "meritocracy", on the other hand, that set is the initial premise and the purpose of every production is to justify it post-facto.
Obviously the distinction between these two things is essential. Now think about the perspectives from which the distinction is imperceptible.
Just look at the IT industry. For decades some of the best and brightest came up through the ranks with zero formal training, just a thirst for knowledge, a passion for the subject, and (in many cases) an autistic drive for order and perfection. It’s only been in the last decade or so where degrees have started to increase in importance, and for many job applications they’re just a Nice To Have.