Technically yes. But there would be a strong incentive to undo any safeguards. Basically you’d have to ban or limit inheritance completely.
The problem with relying on accumulation of money as a measure of success is that money == power. Once you have a critical mass of wealthy people it would be easy to change any laws to allow for nepotism again.
There can be more than one problem.
But would a capitalist society that puts in safe guards against nepotism have better results for more people?
Technically yes. But there would be a strong incentive to undo any safeguards. Basically you’d have to ban or limit inheritance completely.
The problem with relying on accumulation of money as a measure of success is that money == power. Once you have a critical mass of wealthy people it would be easy to change any laws to allow for nepotism again.