
SUCCESS: The Dirty Secret of Getting Ahead
The Next Big Idea
00:00
The Flaws of the Conventional Path to Fixing Elite Education
Top American universities are compared to enormous hedge funds, with massive endowments and a smaller share of the population being educated. The not-for-profit status and tax benefits they receive amount to a significant public subsidy. The conventional path of fairer admissions to non-elite backgrounds is seen as wrong, as the rich always win due to the resources they invest in their children's education.
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