There are no meritocratic societies today, for meritocracy is dependent on a plurality of freedom a first country in the world has yet to deploy. The answer is yes, keeping in mind a rat-race for wealth and higher living standards is no measure of economic integrity or comparison. The strength of human renewability is, regardless of wealth.
Conversely, a meritocracy can only exist when it is subjugated to the freedom of freedom. A plurality of freedom any country in the world has yet to deploy by the systems it operates. For we build convulsing systems of stale absolutism, throwing up whatever merit it has not been pre-programmed for.