Wall Street Run Amok? Blame Harvard

Just where did Wall Street go wrong? It’s popular to blame misaligned incentives, lack of regulation or just plain greed. Those would be conveniently simple explanations. We could just fix incentives, regulate more and prosecute the guilty.

The truth is, sadly, more complex, but it boils down to this: Harvard Business School is to blame. Not solely and specifically HBS, but HBS as representative of business’s best thinking and the preferred finishing school for the American System of Free Enterprise. Our best and brightest did it. Read more about Harvard…

During junior high school and high school, students are told to study hard in order to get into Ivy League schools like Harvard or Yale. Parents pressure their kids to score high on their SATs to qualify for these hallowed halls of wisdom. Why? Because the United States is a class system, and class warfare begins in college.

Visit any big American city. You’ll find that the first choice of the best jobs goes to the Ivy League college graduates. Is this discriminatory? Yes. Is it part of our corrupt capitalistic system? Definitely.

Students don’t necessarily get a better education at these allegedly fine institutions. In fact, most of the undergraduate courses are taught by graduate students, not professionals with PhDs. Conversely, city colleges are often less  expensive and provide a better education.

So, why do Ivy League alumni get the best private sector and government jobs? Because the primary purpose of schools like Harvard and Yale is to pump out people who will help the wealthy steal from the rest of society. In short, these colleges are training grounds for pirates.

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