You gotta go to college to make a good living.
You gotta go to a TOP college especially.
You gotta work your ass off in high school to get in.
And so everyone just is told their whole childhood to compete harder and harder in this race to the bottom and there's no more room for interesting experiences since a truly interesting experience isn't guaranteed to sound as good on an application as a boring "interesting experience" run-of-the-mill extracurricular schedule.
Leaving in room for insanity and creativity is counter to what this money-above-all-else societal push for undergrad education wants.
But hey, we gotta do that because if we don't, China will!
It's not the students who benefit from having to work twice as hard to get the same degree.