I think it would be much better if admission into elite schools were based on objective test scores. It's easy to see how racism seeps into "Your extra-curriculars just aren't Harvard enough" or whatever subjective judgment call would be used to evaluate in-person interviews, extra-curriculars, essays, etc. It's a lot harder to see where the racism is coming from if the admissions criteria are "Higest X scores get admittance, random lottery to break ties." There is also transparent racism in the current system that says some races have to score higher than others to be admitted.