It's not a joke, because some students do get "free" entry to Harvard, due to their parents paying for it.
It's not a joke, because some students do get "free" entry to Harvard, due to their parents paying for it.
Separate questions:
(1) Should we accept some level of economic inequality in society?
(2) Are the wealthy more "deserving" of their wealth than the non-wealthy?
It's perfectly consistent to answer (1) Yes and (2) No to those questions.
Capitalism is an economic system, not an ethical system. The "invisible hand of the market" is not God handing out rewards and punishment, though some people seem to believe that.
Even if we grant the proposition that a good way for society-wide progress is to harness the desire of some to have superior positions by forcing them to work hard at creating value for others, it doesn't really follow that inheritance is a good idea. Indeed, you could argue that it's just the opposite, if we really want a nation of hard workers, we have to make sure the youth can't get away with being lazy just because of some historic success that they didn't have any part in.
It’s saying “Because this person is a Jones, they deserve a spot at Yale even though others are more academically deserving, and we will pay you for that privilege.”
This is also why grade inflation happens at these institutions: “You can’t fail him, he’s a Jones!”
I don't know. I do think the world would be better off if we eliminated homelessness, hunger, student loan debt, medical debt, and political campaign financing. These are some of the worst consequences of economic inequality in society.
> Or are you simply pointing out that life is not fair?
Well, I personally don't think that so-called "meritocracy" is fair or ideal. I was born with some advantages over the majority of people, and my academic talents started to show at a relatively young age (with no "hard work" — it was easy work!), but I don't think I "deserved" to be born that way, nor do I think that I "deserve" more money than other people as a result of my advantages.
I understand capitalistic supply and demand, and that may be a decent economic system. It's not an inherently ethical system, however.