The first one I saw was from Noah Smith, an excellent econ writer, and one of the two or three Bloomberg Opinion contributors whose articles I prefer reading to flying cross-country in a MAX 8. “This admissions bribery scandal will be good for America,” he wrote, “because it will decrease the prestige premium of the top colleges, who didn’t really deserve it anyway.”
The AP piped in with a story about USC’s ‘reputation [being] on the line’, and the New York Times joined the fray shortly thereafter. Two students at Stanford sued UCLA, USC, the University of San Diego, UT Austin, Wake Forest, USC, Georgetown and Stanford itself, claiming (among other things) that “since Stanford is linked to the scandal, their degrees may be tainted.” Even the ouroboros of social media ‘influencers’ prophesied its own demise through reputational impact of the admissions bribery scandal.
Alright. Let me get this straight. Y’all believe that some of the wealthiest, most famous people in America took immense personal risk, lied brazenly, and paid up to a half million dollars to secure admission to these top universities…and the theory you would like to promote is that this harms the Common Knowledge about their prestige and reputation?