[human20190310]

> if they pump out people that don't have skills over time their "Prestige" doesn't amount to much

I think you're underestimating the degree to which corrupt, inept institutions can maintain their influence over society.

[zarro]

No doubt, but I think the point is to ask the right questions. Its not so much about preventing the inept institutions from maintaining their influence so much its about making sure that competing institutions don't have arbitrary barriers to entry that prevent them from competing in the market, even if initially, people are skeptical of them in comparison to "established" players.