3 ms·

At least in the US, the university system has become another enormous mid upper-class handout scheme, much like healthcare. It's governed and protected much as

At least in the US, the university system has become another enormous mid upper-class handout scheme, much like healthcare. It's governed and protected much as a cartel might protect its turf. Again as with healthcare, all you have to do is look at who got all the money from the cost of education hikes - where did it all go - over the past two decades. We know where it went, we know who got that money. There is nobody willing to do anything about it, the latest proposals are to just throw more money at the disaster (which will send the cost of education even higher), more de facto welfare handouts for an already well-off class of white collar parasites.

dehrmann 6y ago
For both healthcare and college, a handout to whom? > It's governed and protected much as a cartel might protect its turf. By price fixing? You'd have a stronger point college is a racket because you need it to get a good job, and there aren't viable alternatives, though that implies more collusion between employers and colleges than there actually is. > We know where it went, we know who got that money. Again, this isn't obvious. Part of the increase in the price of college is because room, board, and amenities have gotten better, and easy access to student loans have accommodated this. This isn't a "handout," though. Healthcare is somewhat similar in that the fee-for-service model led to higher costs, but it came about in a very natural way, and it's more about patient expectations and liability than handouts. > There is nobody willing to do anything about it Purdue hasn't raised tuition in 10 years. That's something.
bo1024 6y ago
> who got all the money from the cost of education hikes Can you recommend a source on this? My first guess is construction companies and football coaches.

3 ms·

At least in the US, the university system has become another enormous mid upper-class handout scheme, much like healthcare. It's governed and protected much as

by adventured 6y ago

dehrmann 6y ago
For both healthcare and college, a handout to whom? > It's governed and protected much as a cartel might protect its turf. By price fixing? You'd have a stronger point college is a racket because you need it to get a good job, and there aren't viable alternatives, though that implies more collusion between employers and colleges than there actually is. > We know where it went, we know who got that money. Again, this isn't obvious. Part of the increase in the price of college is because room, board, and amenities have gotten better, and easy access to student loans have accommodated this. This isn't a "handout," though. Healthcare is somewhat similar in that the fee-for-service model led to higher costs, but it came about in a very natural way, and it's more about patient expectations and liability than handouts. > There is nobody willing to do anything about it Purdue hasn't raised tuition in 10 years. That's something.
bo1024 6y ago
> who got all the money from the cost of education hikes Can you recommend a source on this? My first guess is construction companies and football coaches.