Is MIT the best school?

Caltech is.

CalTech is probably the most meritocratic. They don't have affirmative action while MIT does. There are less than 20 Black undergrads in CalTech period. In comparison, there are over 300 Asians. 

Are you fucking out of your mind? In the unlikely event this is not a troll post, I shall respond in all seriousness.

MIT (and other STEM schools such as California Institute of Technology, Stanford, Georgia Tech, Virginia Tech and UC Berkeley) are adequate schools, undisputably excelling in their niche fields. Caltech for Aerospace Engineering, Stanford for Computer Science, Berkeley for Electrical Engineering and MIT for Nuclear Engineering. 
 

Yet their respective alumni do not represent the trailblazers and leaders of civilization. That throne belongs to Oxbridge alone, with Yale and Wharton right behind them. They produce (and I quote), "coding bitch monkeys, human calculators, antisocial pale virgin keyboard chimpanzees and glorified welders and carpenters". 
 

MIT is not even the best for engineering. That's Cambridge and Imperial, followed by Caltech. It's not even the best for engineering in its country. To call it "the best school" is an utterly shortsighted and demented statement.

Its graduates shall never step foot within the ivory towers reserved for those who matriculate from Oxford, Cambridge and Yale. Its graduates shall never reach the obscene "splendor" of business and finance like Wharton and LSE. Its graduates shall never explore the stars and set foot on foreign planets like Cambridge, Imperial and Caltech. Its graduates shall never achieve the raw power and influence of Oxford PPEists or Yale JDs. 
 

MIT was founded in a backwater colony full of prisoners and prostitutes from Britain in 1851. Your father's father's father's father's father's was born before MIT even existed. 
 

Oxford was teaching Latin, Greek and philosophy at the height of Pax Romana, when the known world was united under a banner of crimson and gold. Cambridge was founded a millennia ago hardly 20 leagues north of the jewel of civilization, London. 
 

It is said that Oxbridge in their aggregate has contributed more to civilization than the Holy Roman Empire, Macedonia during the Hellenic Conquests and the Ottoman Empire combined, falling just short of the cultural dominance of the Roman Empire and British Empire. 
 

All other institutions after Oxbridge are but a pale shadow and mimicry of the splendor of her halls of marble and gold, including even Yale and Wharton.