Yep. I was never more proud of my alma mater than when they announced they would no longer give preferential treatment to legacy students (students of alumni). Legacy students alone make up 1/3 of Harvard’s accepted students. (I’d say that’s an embarrassment, but for Harvard that’s a feature not a bug.)
The same way people in power will always cling to the advantages power gives them, afraid of starting from the same place as everyone else for fear they won’t make it on their merits alone.