You’re putting up a straw man. I could write a dystopian book about any ideology. A good meritocracy would deal with these issues because a dystopian meritocracy would likely hamper innovation and the emergence of new standards and areas of merit.
Well, it's kinda fun that the very word of meritocracy was invented as a dystopian word, but now it got a positive connotation. That's not a straw man: it's a fun fact.