[nobody31]

Successful go to elite college, successful only hire from elite college, therefore to be successful you go to elite college.

Of course this system eventually breaksdown. But for Eton school it's worked since 1440, for Oxford since 1096, Cambridge since 1284 - but eventually it will break down.

[Eeko]

> But for Eton school it's worked since 1440, for Oxford since > 1096, Cambridge since 1284 - but eventually it will break down.

Universities pretty much had the monopoly for highly specialized knowledge until very recently. The companies, public and students waking up to the fact that knowing your rhetoric & poetry ain't so valuable any more IS the system breaking down. Right now.

You'll rather hire from HN than from Oxford.

[nobody31]

Yes it was different in the middle ages, it has changed now. Only 10% of UK government ministers went to Eton and only 70% to Oxford and Cambridge so the power of the old-boys network is disappearing.