Modern meritocracy succeeded for Harvard by making admission scarce, growing its endowment, producing billionaires, and placing Harvard/Ivy graduates throughout the American elite.
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Elite Overrepresentation
Modern meritocracy succeeded for Harvard by making admission scarce, growing its endowment, producing billionaires, and placing Harvard/Ivy graduates throughout the American elite.
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"Okay? So, in the year 1940, 90 % of applicants to Harvard got accepted. Now, it's gone way down to 5%. Okay? Stanford is..."
"Okay? And you have MIT, Stanford, Pennsylvania, Columbia, Yale, Cornell, Princeton. Guess what, guys? Ivy League plus MIT. Okay? Okay. $30 million. Still, Harvard..."
"They dominate in terms of philosophers and professors. But they're everywhere. Even Pulitzer Prize winners, billionaires, New York Times bestselling authors, Fortune 500 CEOs,..."
Relevant Lectures And Readings
The lecture turns meritocracy from a school virtue into a trauma machine: Harvard invents selection as power preservation, Yale trains insecurity as ambition, and the winners become actors who can promise goodness while serving...
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