Maybe I'm cynical and have low status friends but when I look around only a minority pursue hobbies with any great dedication or consistency. People pursue careers to project status. When success no longer depends on merit it will devolve to proxies like nepotism, scheming, intrigue etc. We see how such utopias play out in regimes like Soviet Union or North Korea. Your only assets in such places are who you know and even that is very temporary as allegiances are reshuffled with some regularity and woe is you if you bet your fortunes on the wrong one.