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Meritokratin segrar - om 350 år

The descendants of today's England's elite families will stop having an in-built social advantage, and the descendants of poor families will lose their social handicap: there are no permanent social classes, and all groups are regressing to the social mean.

That is the good news.

The bad news is that it's likely to take about 350 years, and there's not much the government can do to speed the process up.

Stephanie Flanders, the BBC's economics editor, 5 April 2011

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