> Despite being an intellectually rigorous institution, Caltech does not graduate many future elites > As long as Ivy League alumni occupy positions of power,

> Despite being an intellectually rigorous institution, Caltech does not graduate many future elites > As long as Ivy League alumni occupy positions of power, academic credentials will remain costly and scarce. Ongoing credential inflation is not evidence of a bubble about to burst, but a reflection of how successful the elites are at convincing the greater populace that degrees are valuable. The underlying implication of the article doesn't seem to be hit home. If "good" schools don't produce rich powerful/people, but "name" schools do, that's because there is heavy corruption by the established elite to favor their alma mater's to make sure their degrees remain valuable - is I think a core tenet of the article.