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Higher education dramatically improves income, health, and civic outcomes. If it were a pill with these effects, hoarding it would be seen as a moral failure. Yet elite universities, by restricting admissions despite vast resources, are effectively hoarding this life-changing 'drug,' limiting social mobility.
Students and faculty at top universities simultaneously celebrate their institution's exclusive, meritocratic nature while espousing rhetoric about interrogating hierarchies and promoting egalitarianism. This fundamental contradiction creates internal anxiety and contributes to public perception of hypocrisy.
Elite universities with massive endowments and shrinking acceptance rates are betraying their public service mission. By failing to expand enrollment, they function more like exclusive 'hedge funds offering classes' that manufacture scarcity to protect their brand prestige, rather than educational institutions aiming to maximize societal impact.
The fierce debates over DEI and affirmative action are a symptom of artificial scarcity. Instead of fighting over who gets in, elite universities should focus on admitting more students, which would alleviate the anxiety and dissent, much like in junior colleges.
Fueled by rankings that reward selectivity, top universities operate like luxury brands (e.g., LVMH) rather than public servants. They intentionally limit freshman class sizes despite having massive endowments. This manufactured scarcity increases their prestige and rankings, creating an "upward death spiral" of exclusivity.
Despite their non-profit status, university administrators and faculty act as capitalists focused on increasing compensation while reducing accountability. They leverage artificial scarcity, cheap government-backed credit, and accreditation barriers to raise tuition faster than inflation, effectively exploiting the middle class under a veneer of nobility.
Top universities operate like luxury brands such as LVMH by creating artificial scarcity, rejecting the vast majority of applicants. This strategy boosts their perceived value, allowing them to charge exorbitant tuition at incredibly high margins, effectively transferring wealth from middle-class families to university endowments, faculty, and administrators.
Top universities with billion-dollar endowments should lose their tax-free status if they fail to grow enrollment. By artificially limiting admissions, they behave like exclusive luxury brands (e.g., "Birkin bags") that cater to the wealthy, rather than fulfilling their mission as engines of social mobility and public service.
America's greatness was built on its love for and investment in "unremarkable" kids, providing them paths to success. Now, society, led by elite universities, has shifted to a rejectionist culture that only values the already-wealthy or the "freakishly remarkable," leaving the majority behind.
Debating AI's impact on education is a distraction from the real crisis: the business model of elite universities. By creating artificial scarcity and raising tuition faster than inflation, they have become a "corrupt cartel." The solution isn't technological, but simple: admit significantly more students.
When the top 40% of earners spend five times more on their children's education than the bottom 60%, it's not only unfair but also economically unproductive. It prevents the most meritorious individuals from rising, which ultimately stifles national productivity and innovation.