Back a couple of decades ago in India. I was working for an American telecoms co. I grew pally with an HR manager. He showed me the background on a new hire. The new hire was the son of a mid-level government official cum career civil servant in a dept that oversaw the telecoms industry.
I saw the letter Daddy wrote ON HIS OFFICIAL GOVERNMENT LETTERHEAD... addressed to the head of the Indian division of the telcoms co... recommending his own son for a job.
My point? It's not just rich kids. It's also well connected kids. In high-regulation environments, government officials, although they may not be rich, have the highest access.
I saw the letter Daddy wrote ON HIS OFFICIAL GOVERNMENT LETTERHEAD... addressed to the head of the Indian division of the telcoms co... recommending his own son for a job.
My point? It's not just rich kids. It's also well connected kids. In high-regulation environments, government officials, although they may not be rich, have the highest access.