This is what Taleb has said for years. Wealth leads to education. Education does not necessarily, or even commonly, lead to wealth.
If you gain wealth but do not come from an aristocratic or "respected family in society" background, the way to gain prestige is by paying for education for yourself or your children. Buying your kids a degree is the modern day equivalent of buying a venal office in 1500's France or Spain.
(Except Venal offices probably guaranteed a little more ROI in addition to the status!)
If you gain wealth but do not come from an aristocratic or "respected family in society" background, the way to gain prestige is by paying for education for yourself or your children. Buying your kids a degree is the modern day equivalent of buying a venal office in 1500's France or Spain.
(Except Venal offices probably guaranteed a little more ROI in addition to the status!)
https://en.wikipedia.org/wiki/Venal_office