3 ms·
Matt Levine's trademark... objectivity? cynicism? is perfect for this. "It is not about fairness; it is about theft. Selective colleges have admissions spots t
by Agathos 7y ago
Matt Levine's trademark... objectivity? cynicism? is perfect for this.
"It is not about fairness; it is about theft. Selective colleges have admissions spots that they want to award in particular ways. They want to award some based on academic factors; they want to award others based on athletic skill; they want to award others in exchange for cash, but—and this is crucial—really a whole lot of cash. Buildings are not cheap.
...The bribery scheme devalued the asset not only by stealing it and re-selling it for less than it was worth, but also by being so explicitly commercial.
...consultants and coaches are misappropriating the asset and selling it for their own benefit."
https://www.bloomberg.com/opinion/articles/2019-03-13/you-have-to-pay-the-right-person https://www.bloomberg.com/opinion/articles/2019-03-13/you-ha...