Honestly, the huge focus on getting into a good college, PhD program, Goldman Sachs, etc. seems to reflect a deep disbelief in the eventual efficiency of labor markets. Nobody seems to believe any more that if you just develop skills, the skills will pay off eventually

Like, who do you think will eventually do better, a PhD student who gamed their way into Harvard but hasn't learned anything, or a really great but underplaced PhD student at a mediocre school?

Honestly it is a very hard question; but we should obviously strive to create a society where the latter is rewarded more than the former

@tangojoshua tbf, Goldman does