So that's certainly true in America, and perhaps even more so in China. I think platforms like Coursera/Udacity can start leveling the playing field again for two reasons: first, if the technology is good enough (from personal experience, I would say so) and remains free, the studying-resources gap between rich and poor shrinks; second, even if you can't squeeze your way into a top school, you can still get a top-notch education for free. At the end of the day, i'm grossly oversimplifying things (i.e. the weight of credentials in Chinese society probably still far outweight actual demonstrated skill-set; or consider for a moment whether a family that lives on rice and a few vegetables a day can realistically afford a computer+internet-connection for their kids...), but i still think there's a sizable impact in here somewhere.