It's a shame this piece doesn't function as much more than a Caltech/MIT endorsement. I dropped out and hate the system as much as the next guy, but to pretend

It's a shame this piece doesn't function as much more than a Caltech/MIT endorsement. I dropped out and hate the system as much as the next guy, but to pretend that degrees have literally zero value and exist purely as a wealth transfer mechanism is a bit shortsighted. The author discredits MOOCs in the very same breath, but forgets to mention that thousands of companies are only using a degree as a baseline and all it would take is for HR to start accepting a slightly different piece of paper. There will always be an Ivy club, fraternities, secret societies, and so on. Flood the market with Ivy degrees and the social elite will pick something else. But those are pretty small factions if you think about everybody else, at the University of Nowhere Special.