John Sutter asks if nepotism and royalty is a good idea. He says it's about like any political social structure where somebody power, then there's a choice about who's going to come next. Why? In part, because the legacy system makes it really hard to get into some of the most exclusive schools. The reason that there are so many slots reserved for legacies is because it's all about the money.
How does the profitability of family firms stack up against the rest? Has nepotism become more taboo over time? And why are 90 percent of adoptees in Japan not children but adults?