Finally, a compelling, down-to-earth and candid conversation.
Coming from the (currently burning) Middle East, I have the UTMOST respect for the US Army, and for the country able to build and sustain it.
Without the American Experiment and its historically unprecedented success, the whole world would undoubtedly slide back into new Dark Ages and World Wars. I firmly believe that all other semi-decent countries (and I'm not talking about primitive and brutal medieval regimes) can afford to stay clean and play with beautiful "social security" concepts only because the American people, fundamentally, bear all the costs of keeping the peace on this Earth. Truly, non-Americans should be eternally grateful to Americans for the state of the world right now - while imperfect, immeasurably more safe than ever in the history of mankind.
However, as a foreigner who really loves and respects your country, it truly hurts seing how it strays from its own principles - which made it so great in the first place. "ke18sb" wrote: "as an American, I don't think we have an ethos of overthrowing an inherited unearned aristocracy". I don't know what is taught nowadays in your schools about the American history, but from what I learned, the whole idea of the American Revolution was indeed about breaking the chains of British Monarchy - the epitome of unearned aristocratic wealth and power.
As far as I understand, the beauty of the American Idea is meritocracy - the notion that if you are good, you'll do well. You don't need to inherit your wealth and fortune - you can make it by your own hand.
In this light, I find it simply despicable that the children of Ivy-league alumni are given extra-points and thus, unfair, unearned, inherited advantage over others who do not possess the "merit" - actually, a complete accident, a wild chance - of luckily being born to the "right" family.
Don't disregard the fact that the number of seats in these institutions - the "target schools" and the "Top-MBAs" - is FINAL. By giving the place there to some legacy-kid who went to the "right" school (name it a "tie breaker" or whatever) and afterwards, to the "right industry" - you necessarily deny it from some other guy, who worked as hard or even harder.
At the bottom line, your society is the one which loses. We all need them PHDs - poor, hungry and driven. These are the true "wealth creators" who are advancing the American society, and thus - the human race. Preferring the legacy / "old wealth" candidates, or "playing it safe" with mostly those who come from well-paying industries and are going back there - is not the American way. The motto of the US used to be "equality of opportunity" - and truly, I don't feel it is anymore. Not in this MBA-applications world, in any case.
America needs the "internationals" - we are your most passionate ambassadors in our home countries. We are your future trade partners. Promoting the free market all over the world lowers the risks of wars - and the costs of maintaining the peace, freeing the resources to discover new drugs - or new planets. TOEFL should check our ability to thrive in the English-speaking world, not GMAT (on which even the quantitative part is based on mind-boggling language tricks and definitions).
And don't get me started on the "ethics" of Lehman / Enron vs., e.g., Goldman Sachs. Some competitors are just "more equal" than others: by being "too big to fall", having the right connections and sending ex-MBAs to top government positions, or simply siphoning taxpayers' money by legislation in order to sustain the "ethical" business model of predatory lending and government-backed mortgages to everyone. Please...
I know for a fact it's an ugly world out there, and frankly, I just find it hard to swallow all the pinkish fake "fair" world-vision, perpetuated mindlessly.
The HYP - and the HSW in the MBA world - are simply and blatantly building a new American aristocracy. It is perfectly apparent to an outsider. As in Orwell's "Animal Farm", did you overthrew the enslavers only to turn into them?