I do think standardized tests are actually good. They're far more fair and less game-able than most other ability-based admissions criteria. Dropping them will probably lead to more system-gaming by rich people, as well as more stereotype-based admissions.
That said, I think our university system generally does a terrible job of funneling high-ability people into socially useful occupations, so maybe it doesn't matter.
Like, even if we make sure all the smartest people go to all the best schools, what does it matter if they all just become management consultants?
I think that when it comes to the allocation of talent, we should focus more on what comes AFTER college. The pipeline to stuff like the civil service, bio research, and advanced manufacturing. We need industrial policy more than we need better testing.
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