Mark Zuckerberg was named Time's Person of the Year. I'm sorry if you don't recognize the name. A magazine is something people used to read.
There's a lot of money being generated by nerds right now. Bill Gates, Mark Zuckerberg, the list goes on and on. Nerds make more money than our government. And with money comes power.
In the end, all new schools, public or private, snobby or not, add value to the education market, making it bigger and more efficient, in the same way that Zuckerberg added wealth to the economy even for non-Facebook fans.