If anybody doubts the fact that having too much money not good for you they can just look at college bribery scandal in the US. Rich people who's children already have a huge built in advantage payed hundreds of thousand of dollars to get their offspring into elite academic institutions. This kind of entitlement is exactly why there are revolutions. I understand the parents and the bribe takers will be facing legal consequences, but I haven't heard any measures being taken against the universities themselves who are pleading ignorance. The truth is that most of these institutions have a tendency to take a disproportionate amount of "legacy student" (sons and daughters of alumni) even without bribes. Since universities are keen to be well regarded in the rankings the best way to change those behaviours would be to change the ranking systems. Instead of the present "objective" peer review based on publications, academic views and employment prospects lets use different criteria:
- Absence of legacy students
- Representatives of the student body compared to society
- Gender balance
- Variety of school results of the students before coming to the university
- Originality of the recruitment process
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