Markets operate through networks of agents, but how democratic are they ?

Cesar Hidalgo has mathematically calculated, that it would take between 17,000 and 22,000 connections to have a true meritocratic network, i.e. where merit is correlated to contributions ; otherwise we have topocratic networks, where your merit depends on your place in the network.

Watch the video here: (and hang on, Cesar speaks fast)