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PhilGoetz comments on Human values differ as much as values can differ - Less Wrong
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This issue came up on crookedtimber.org before in reply to a claim by Will Wilkinson that free market societies decrease conflict by having numerous different hierarchies so that everyone can be near the top in one of them. (Someone google-fu this?)
The CT.org people replied that these different hiearchies actually exist within a meta-hierarchy that flattens it all out and retains a universal ranking for everyone, dashing the hopes that everyone can have high status. The #1 WOW player, in other words, is still below the #100 tennis player.
Despite the ideological distance I have from them, I have to side with the CT.org folks on this one :-/
ETA: Holy Shi-ite! That discussion was from October '06! Should I be worried or encouraged by the fact that I can remember things like this from so long ago?
er... why?
ETA: my counter point would be essentially what steven said, but you didn't seem to give an argument.
See my reply to steven.