Why does it matter? (for reference I went to a decent university having had a poor upbringing). Are we substantially better off in a world with 1000 arbitrary

Why does it matter? (for reference I went to a decent university having had a poor upbringing). Are we substantially better off in a world with 1000 arbitrary people going to e.g. Cambridge vs one in which 1000 upper class children go? (expand the concept to university in general if you wish). You still have unbalanced outcomes based on what eventually comes down to a lottery of some sort. Even if you choose the absolute best 1000, are the next 10000, 20000, 30000 actually materially worse? Going beyond that, surely the concept of prestige in and of itself is problematic? Should you get a better life because you have a higher IQ? Why? Do we actually want that? Would we design the world that way if we actively chose? I certainly wouldn't... why should my friend have a shit life due to quirk of birth? Why should my other friend have a dramatically better life due to the same? We seem to strive to normalise things that are/were seen as handicaps, like race, disability, sex, etc. etc. But we are seemingly unwilling to accept that the idea of ranking humans is broken. It only makes sense as a hack to encourage productive behaviours - it might not even be needed any more soon.