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Yes, ish. But I wonder if a better lens is just to say that it's straight up American-style capitalism. I've heard that legacy donors can be asked to put in as much as $25M to get their kids into a Stanford or Harvard. So if you look at those schools as businesses (which is not what I want them to be), then the business is to keep the overall standards high enough that it's worth large donations from the legacy parents. That's a balancing act!

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Tony Stubblebine
Tony Stubblebine

Written by Tony Stubblebine

CEO at @medium. “Coach Tony” to some.

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