Wednesday, May 18, 2011

Mike Konzcal again and something else that came up in class.

Here is the whole post. Its a story about HUD (Housing and Urban Development) being one of the few federal government organs who actually give a shit about the law.  it may be not that interesting but I just want to highlight one paragraph:

In this dark, cynical period, I’m actually shocked how refreshing I find this. Here’s a simple request: when it comes to making sure the financial sector isn’t running out of control over trust and mortgage law and making a mockery of the foreclosure process (and destroying the economy in the process), can we get less Ivy League supermeritocrats and more people associated with the “International Association of Chiefs of Police” and the “Bureau of Engraving and Printing”?
I wasted another opportunity in class on Tuesday (the other one is here).  I didn't want to waste a lot of time pontificating becuase thats not what you guys care about right now, but for a moment we talked about what you have to do to get a job at Goldman Sachs and I said the answer was simple: Graduate with a 4.0 GPA at Harvard.

There is something deeply wrong with this system, though.  These "supermeritocrats" as Mike puts it do essentially control the country, but they do it for their own benefit.  A friend of mine who works in the city's budget office has a slightly different take on the supermeritocrats.  He works with a lot of Ivy League types and his biggest complaint is something I've found both disturbing and oddly gratifying.  To quote: "They aren't exactly independent thinkers."

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