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Doesn't mean a rat race? What do you think medical school admissions would be if the MCAT (or any test) and GPA were the only things that mattered? This would be a severe step backward in our huge movement to admit less-than-qualified (or below avg... however you want to look at it) underrepresented minorities to medical school. Also, as someone else mentioned earlier, I would think the education gap between low & high socioeconomic groups are greater in high school than college.
It clearly works for many, many countries. And I am against URM boosting so that would not sway my opinion at all. You seem to be unable to differentiate between foreign systems vs. the US. Just because the US stresses URM diversity, it doesnt mean health outcpmes that do not are worse. Likewise, just because the US deems medicine to be a graduate degree when pretty much the rest of the world considers it an undergraduate degree, it doesn't mean high schoolers are not fit to start med school. These are peceptions we as Americans hold to be true because that's how it works here.