This culture teaches you to build your own personal potemkin village. Yes, there are some truly exceptional candidates. But for every Malala Yousafzai there are hundreds of students that merely built a very convincing facade. I remember a kid in my high school who worked on the school newspaper website with me. He wrote an API for users that returned the user's hashed password when queried. He didn't understand what was bad about that. I had to take over his work entirely. He's now at MIT. Another kid did no work on the website but begged me to put his name on the masthead when he applied to college. He's now at Penn. A girl at my school lied about being captain of the track team. She went to Harvard.
People try to claim that it really doesn't matter where you go to college. That's not true. Would Facebook have succeeded if Mark Zuckerberg went to Brandeis? What about CUNY? And what does it say about our society that the people who get into Harvard are the ones who lie and scheme? I know that's partially the reality of limited resources, but I'd like to hope that we can do better.