* To get contracts regardless of ones qualifications. I've read that Aristocrats ensure their kids have ivy league degrees to maintain a illusion of fairness.
There's an article I read here on HN that says, Ivy league schools are successful because they select applicants who would be successful without them.
You are right that something's been passed down - but it's not the genes. It's the social connection to:
* Get jobs without applying for them.
* To learn important economic news before anyone hears them. E.g. President bought 1200 Cuban cigar just before banning imports from CUBA. Read this: https://www.cigaraficionado.com/index.php/article/great-mome...
* To get contracts regardless of ones qualifications. I've read that Aristocrats ensure their kids have ivy league degrees to maintain a illusion of fairness.
There's an article I read here on HN that says, Ivy league schools are successful because they select applicants who would be successful without them.