Top universities are more about making connections than about education. The education is of course excellent, but what you really get is access to previous graduates who trust you and treat you as part of their in group. The same goes for your classmates, who will be your first pick of business partners because you know them.
Legacies are just one aspect of this, though it is particularly visible. Being able to break into that is a huge leg up, not just for you but for people around you in society. And being kept out reinforces that your group isn't suited to that kind of wealth production, even though it has nothing to do with either your skills or the quality of education you received.
Legacies are just one aspect of this, though it is particularly visible. Being able to break into that is a huge leg up, not just for you but for people around you in society. And being kept out reinforces that your group isn't suited to that kind of wealth production, even though it has nothing to do with either your skills or the quality of education you received.