Tuesday, February 01, 2005

Academia

"Many of those who attain educational distinction look askance at a world where college dropouts like Bill Gates are billionaires, where the most successful are not necessarily those who graduate summa cum laude. Used to constantly receiving recognition for being the smartest kids in the class, these academic over-achievers cannot countenance that the market rewards people according to the raw economic value they add to society, and not by exam results and scores from aptitude tests.

William F. Buckley was on the same track when he remarked that he'd rather be governed by the first 2000 people in the Cambridge phonebook than by the faculty of Harvard. Simply put, once a person gets so detached from regular society and finds that incentives and rewards don't work the same way on Main Street as they do in the ivory tower, he becomes resentful. This resentment, when combined with an unhealthy faith in the centralized control of philosopher kings, leads to voting behavior hostile to the spontaneous order of the free market."
-Ilya Shapiro