Earlier quoted context omitted.
I came here to post exactly this. It is appalling that we live in a neighborhood where everyone can walk, there are plenty of kids that my son knows within a mile, he's 14 and more than old enough to be out on his own, but every one of his friends is in a math class, or French school, or out of town on vacation, constantly. He goes to the park and there is no one there. So he stays home and watches anime. The only wa…
I'm at the age where I'm seeing the endgame of this, our cohort of kids & friends are applying to college. They did all these after-school activities, tutors, sports, etc. They were over programmed over achievers. And guess what, even with their 4.5 GPAs and impressive resumes, they aren't getting into the colleges they want (University of California). So what was the point of all that?
What we should have done is expand access to elite colleges commensurate with demand, and thereby dilute the status of the "elite" college. Harvard still accepts ~2000 people, around the same as 40 years ago, even though demand has skyrocketed. That is basically leading to more and more competition over the same slots, same as the bidding wars in the housing market. And all of the alumni of the University get to ride the wave of more and more exclusivity (they benefit from a low acceptance rate), so this is unlikely to change.
Artificial scarcity rules the day.