This is an absurdly cynical view. For one, Stanford admissions are growing over time (even if admit rate is dropping) - https://ivyleagueprep.com/stanford-univ

This is an absurdly cynical view. For one, Stanford admissions are growing over time (even if admit rate is dropping) - https://ivyleagueprep.com/stanford-university-class-of-2024/ https://ivyleagueprep.com/stanford-university-class-of-2024/ https://www.pewresearch.org/fact-tank/2019/04/09/a-majority-of-u-s-colleges-admit-most-students-who-apply/ https://www.pewresearch.org/fact-tank/2019/04/09/a-majority-... Two, growing class size this much is not easy, as additional housing is required. Three, part of the value proposition of elite schools is to be surrounded by smart ambitious people, and to have the prestige associates with the school to be more competitive in the future. Thiel is right this is partially bad, but realistically competition is inherently part of capitalism. The same is true of top tech companies - their value proposition is not just an absurd salary, but the prestige of working at eg Google and having that on your resume. And fourth, Stanford offers a lot of online certificates, and has SCPD admissions. Georgia Tech has a whole online Masters degree that has had thousands if not tens of thousands of admits. The trend is for education to be more accessible, not less. Granted, I'm biased as someone who went to Georgia Tech and Stanford. But this take by Thiel is entirely reductive, even if it does have a grain of truth to it. Much of life is zero sum (what is job hunting if not that) and while it's not ideal, it's silly to single out elite colleges as being bad for it.