Consider what would happen if a group of boys on a council estate, the same age as Oxford undergraduates, formed themselves into an organisation - complete with a name, a uniform, officers and a membership list - specifically for the purpose of becoming drunk and disorderly before committing criminal damage and even assault.
They would rightly be sent to prison, whereas the Bullingdon Boys go on to become, simultaneously, an aspirant Prime Minister, an aspirant Chancellor of the Exchequer, and an aspirant Mayor of London.
Eton is not the point. Oxford is not the point. The Bullingdon Club is the point.
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