If people know there are methods for them to attain high status, and pursuing high status using these methods can have positive side effects (e.g. starting companies that make products people want and generate consumer surplus, or writing blog posts that lots of people benefit from reading), that can be a good thing.
Only in situations where the cost of failure is low. One of the larger failure modes I’ve experienced in status games is that the difference between success and failure is a narrow and often random margin, and yet the status payoffs are insanely amplified and tend towards a positive feedback loop (the Matthew Effect again). So often times, you don’t actually get a proper selection pressure that leads to the more intelligent/knowledgable/rational people acquiring more status; what you get is the people who know how to leverage their current status get more status. And once you have that, you’re “locked in” to an oligarchy for good or ill.
Only in situations where the cost of failure is low. One of the larger failure modes I’ve experienced in status games is that the difference between success and failure is a narrow and often random margin, and yet the status payoffs are insanely amplified and tend towards a positive feedback loop (the Matthew Effect again). So often times, you don’t actually get a proper selection pressure that leads to the more intelligent/knowledgable/rational people acquiring more status; what you get is the people who know how to leverage their current status get more status. And once you have that, you’re “locked in” to an oligarchy for good or ill.