'Grades Did Not Matter' 100 years ago so much.
It was where 'the only educated people sent their kids to be educated'.
Or maybe the nouveau riche bourgois did.
Now it's a 'Giant International Competition'.
You can see this where students are competitive with grades elsewhere in the world.
They're competing for jobs at OpenAI among a million others.
I'm shamed to admit I can't remember the quote from someone who lamented the fact that traditionally people 'knew their place' and there was on some level a quietude in that, a zen - but when 'anyone can be anything' it creates hyper competition, anxiety, sense of failure for most people who can never live up to being the 'most exceptional at whatever', and the constant stress of 'keeping up with the Jones's'.
See: Instagram - it's not pictures of family and friends - it's almost entirely 'social competition through lifestyle narration' ... which that includes University's as 'brand'.
Hence the competition.