I think a lot of countries are like that, not just the US. In the UK, a metric ton of politicians, financiers, business magnates, artists, you name it come fro

I think a lot of countries are like that, not just the US. In the UK, a metric ton of politicians, financiers, business magnates, artists, you name it come from OxBridge. It's been like that since forever, but things are getting better. In the country I grew up in (Scandinavian country), the vast majority of business people came from two different schools - even though we had two-digit amount of colleges and universities. Some industries and firms still put a lot of weight on your pedigree - and will mostly hire from a select number of schools. But IMO, things are getting better.