REFORM: A modest proposal regarding college admissions. “This isn’t an indictment of America but of the elite college cartel and the pathologies that it has enabled and exploited. It’s an indictment of the way elite colleges sell fast-passes to lucrative jobs on Wall Street and in Silicon Valley, of the manufactured scarcity that they have cultivated, and of the way they have avidly marketed that scarcity. When colleges sell access, or are so inept that they make it easy for the rich to buy access, this isn’t an indictment of American parents who pay for tutors or who diligently use their 529s to save for their kids’ tuition. This is an indictment of elite colleges. . . . Maybe elite colleges should put their money where their mouth is when they pontificate about the need to democratize opportunity, take a page out of the K-12 charter school book, and switch to lottery admissions.”

I made a similar admissions reform proposal a few years ago.