The more that everyone has access to the same educational opportunities, the more society will tend to accept some receiving disproportionate rewards. After all, they themselves have a chance to be winners.
Interpretation
Equal access to education leads to societal acceptance of unequal rewards.
Raghuram Rajan's quote suggests that when everyone has equal educational opportunities, it fosters a societal belief that uneven distribution of rewards is acceptable. This creates an environment where individuals feel that they can compete on equal footing, and those who succeed are seen as deserving of their success, reinforcing the idea that hard work and talent can lead to rewards regardless of one's background.
In practice
In a graduation speech, you might say, 'As Raghuram Rajan noted, equal access to education ensures that we all have a chance to succeed.'
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