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An open letter to Peter Thiel
- DjMojoRisin 15y agoA University allows you to explore your interested in a nice structured manner, allowing you to get feedback from respected professionals and though leaders in different fields. It also gives you a chance to try out your hand at different fields, and figure out which ones you are good at, and where you can be successful in the future. These are what make education important and essential.... However, if you know what you want, then you obviously don't need University to make you successful.
- tokenadult 15y agoA University allows you to explore your interested in a nice structured manner, allowing you to get feedback from respected professionals and though leaders in different fields. How much third-party subsidy should any one person get to enjoy those advantages? What criteria should be applied to deciding which persons get to enjoy subsidies for that advantage from funds paid by taxpayers, including poor taxpayers with no hope of attending college?
- DjMojoRisin 15y agoBringing in Taxpayers into the argument about people getting the opportunity to goto University is not cool. Education should be a choice, that all are allowed to make. It's an investment in the future of the country, and it should definitely not be a "passtime".
- tokenadult 15y agoIt's an investment in the future of the country, and it should definitely not be a "passtime". Where is the proof of return on investment? (That is the point under discussion in the submitted article.) I am happy to spend my own money on education--I still do--and I am happy to spend family money on my children's education while my children are minors in my care. But why should some person poorer than I am pay for my children's education in their adult life if what my children are doing is exploring options to make up their mind what to do with their life? That's the kind of issue I was responding to in my response to your comment above. We all have teen years while still in high school "try out your hand at different fields, and figure out which ones you are good at, and where you can be successful in the future," if a high school is properly structured. After edit: a friend on Facebook, a high-tech engineer, suggested this link today as a rationale for examining ALL the ways that colleges spend money now. http://reason.com/archives/2011/10/14/stop-funding-college-sports http://reason.com/archives/2011/10/14/stop-funding-college-s...
- DjMojoRisin 15y agoBy your argument, we should not have public schools then either? Since some taxpayer who is poorer than you is still paying for that? Also you can choose not to use this option; just go-to a private college? I think that in the majority of cases, with the progressive system of taxation, and need-based aid in institutions, we avoid the scenario where my education is severely subsidized by those taxpayers that are poorer than I; also we pay a percentage of our incomes, so by definition the poorer people pay less and get the same services. As for exploring options while in high school: I'm all for that, but I think that in most cases that's not possible; given that the level of education provided is quite basic in most cases.
- mdda 15y agoMaybe you're familiar with the trickle-down theory (whereby the rich are the wealth-creators, so they should be encouraged with low tax rates) : That line of thinking should have you advocating that people with high intelligence should be similarly encouraged to improve themselves, even if that means that others lose out - because those lucky few are better prepared to lead?
- randomdata 15y agoWhat I never understood is why college and success always come up in the same discussion. College is not an investment, it is a pastime. Some people love music and so they start a band. If they are good at what they do, they might find financial success from their efforts. While the potential is there, you would be laughed at for calling a band an investment in your future. And yet, college is no different. It is a place for people to exercise their passions and collaborate with others who share in the same. Just like the band, if you are good at what you do, you might find financial success by being in college. Or you might not. It doesn't matter – you are not there for that reason anyway. College is an awesome place. People should go. But they should be going for the right reasons, not some made up idea that you can buy your way into success. You cannot and will not.
- DjMojoRisin 15y agoAnyone that things that going to College will make them successful is retarded. College can help you be successful, but it's what one makes of it; In the end a college degree is just a piece of paper; and no piece of paper can make you successful. If we as a society cannot comprehend that, then we are in a sorry state :/
- jmj42 15y agoThe statistics seem to disagree. The most recent report from the census bureau (http://www.census.gov/prod/2004pubs/p20-550.pdf http://www.census.gov/prod/2004pubs/p20-550.pdf) indicates the completion of a bachelors degree almost doubles the average earning. Of course these are statistics, thus broad generalizations, but there is a strong correlation between education level and (monetary) success. Certainly there are exceptional individuals out there who will be able to achieve great success without the aid of a college education, the computer industry is full of examples, but for the average person, that just isn't the case. I live and work on the campus of one of the top research universities in the U.S. (#19 in the list above), I have yet to meet a student who's here for the party. Sure, they have fun now-and-then, but they're here for the education. The vast majority of the undergrads would have a difficult time making it past a phone screen with companies like Google, Microsoft, my startup, etc. On the other hand, those who make it through UIUC's intense CS or ECE programs can compete with anyone with 5 years of experience. I guess my point is, not only do the stats back up the claim that more education leads to more (financial) success, so does my individual experience.
- ahsanhilal 15y agoIn my opinion, having watched parts of the debate, Vivek Wadhwa and his colleague were setup to fail in the debate. It is not necessarily because they themselves were wrong but because the way the argument and the debate were presented. Given the massive amount of problems with Higher-ed, it is very easy to argue against it by pointing out the obvious and the non-trivial problems. As such, Wadhwa was always on the backfoot trying to defend something which has inherent flaws. If you turn the tables, and have Peter Thiel provide a solid policy prescription and then have Wadhwa poke holes, I think they would easily come on top in the debate.
- mchusma 15y agoI thought the comment to "put your money where your mouth is" was interesting, given that Peter Thiel has done exactly that: funded programs that provide alternatives to college. Not the end all solution, but between his money and the time he has spent bringing the debate into the national light its hard to say he isn't doing exactly that.
- ramanujan 15y agoSo, here is my challenge to you: Why don’t you put your money and energy behind your convictions? First, Thiel is already doing this with 20 Under 20. Second, Founders Fund just led a $33M round for Knewton [0], which is doing adaptive education. Third, the extent to which the beneficiaries of usurious student loans now find themselves on the back foot is amusing. "First they laugh at you, then they fight you..." Wadhwa has realized that he can't simply shame the critics of higher ed into silence (as he's attempted for the last few years [1]), so now he's saying: "We can now make education affordable and pervasive." I don't think Wadhwa understands what this means. It means things like ai-class.org, ml-class.org, and db-class.org replacing large lecture classes. It means companies doing a lot more stuff like MCSE, and a lot less stuff like paying for people to do two years of an MBA. It means coworking spaces like biocurious at $150/month [2] replacing the expensive (and inaccessible) university labs. Most of all, it means obsolescing the higher ed business model of charging $60,000 per year [3]. In other words, while it's refreshing to hear people in higher ed finally start to acknowledge that the benefits they provide need to be greater than their costs, they don't understand that the solution involves the end of college as we know it. How could it be otherwise when there is now a six-order-of-magnitude gap between the cost of watching a Khan Academy video ($0) and the cost of dozing through the same content in a Harvard lecture hall ($250,000)? [0] http://techcrunch.com/2011/10/13/founders-fund-33-million-learning-knewton/ http://techcrunch.com/2011/10/13/founders-fund-33-million-le... [1] http://techcrunch.com/2010/09/25/students-stay-in-school/ http://techcrunch.com/2010/09/25/students-stay-in-school/ [2] http://biocurious.org http://biocurious.org [3] http://www.admissions.college.harvard.edu/financial_aid/cost.html http://www.admissions.college.harvard.edu/financial_aid/cost...
- achompas 15y agoHow does 20 Under 20 change education in any way? How will Thiel change the problems behind higher ed by teaching twenty of the brightest teenagers how to become entrepreneurs? What will that prove for the other 99%? You also completely skip one of the main arguments in favor of a college education. Does Khan Academy also provide an atmosphere where students can study, party, hook up, make mistakes, and otherwise learn how to become members of society? I don't think there's a YouTube channel with that feature. Granted, kids shouldn't pay $40k a year to party, but you're declaring victory over lecture halls with a collection of online classes that started a week ago. We're a long way off from fixing education--a couple of YouTube videos and a single co-working space on the West Coast are one in many steps we need to take.
- DanielBMarkham 15y ago...So, here is my challenge to you: Why don’t you put your money and energy behind your convictions?... I am just another internet commenter, so take what I say with a grain of salt. All I'm doing is repeating what I've read and heard. But if I had a nickel for every time somebody suggested that you could start with the end goal in mind, then somehow invent your way there, I'd have several dollars. The more general your investment strategy, the more likely you will find something that works. So at the most general, say some kind of web app or service, you still have only a 1-in-10 or 1-in-20 chance of hitting anything. And that's with all the other variables stacked your way. This isn't a magic trick. Just because Thiel has done so well in many areas doesn't mean you can point him at a random problem and expect something useful. If you're a guy who wants to fund new startups in solar-powered mobile education, good luck! You're going to need it. You've already constrained yourself to unimaginably high odds without even getting started. I used to see this same kind of reasoning applied to landing on the moon. For years, whenever there was a tough problem, some yahoo would come out of the woodwork and say something like "If we could put a man on the moon, surely we can do X" And you could put whatever you wanted into X. As it turns out, there are a lot of Xes which we cannot solve, no matter how many men walked on the moon. And looking back, even putting them on the moon was a lot tougher than we thought. We managed to work out the tech and lost the will to continue the mission. Not all impossible obstacles are technology-related.</rant> I'm sure the author meant well, and his call for folks to help out education is a good one. We need all the help we can get. That kind of rhetoric is just a pet peeve of mine.
- tokenadult 15y agoAs I've seen him do all too often before, here Wadhwa writes with too little analysis of the situation he is commenting on. Right now, there is a status quo of HUGE subsidies for higher education. Higher education is second only to K-12 education as a line item in the budget of my state and other states. When billions of dollars extracted from taxpayers--including taxpayers who have no prospect of ever attending college--are injected into the current system, it is little wonder that some people have trouble imagining any different system, and most people who try to set up alternatives to the system are doomed to failure. "The endowments of schools and colleges have necessarily diminished more or less the necessity of application in the teachers. Their subsistence, so far as it arises from their salaries, is evidently derived from a fund altogether independent of their success and reputation in their particular professions." -- Adam Smith, The Wealth of Nations, Book V, Part 3, Article II (1776) "In modern times [as contrasted with ancient times] the diligence of public teachers is more or less corrupted by the circumstances which render them more or less independent of their success and reputation in their particular professions. Their salaries, too, put the private teacher, who would pretend to come into competition with them, in the same state with a merchant who attempts to trade without a bounty in competition with those who trade with a considerable one. . . . The privileges of graduation, besides, are in many countries . . . obtained only by attending the lectures of the public teachers. . . . The endowment of schools and colleges have, in this manner, not only corrupted the diligence of public teachers, but have rendered it almost impossible to have any good private ones." -- Adam Smith, The Wealth of Nations, Book V, Part 3, Article II (1776)
- 0003 15y ago>"I stressed that children gain a lot more from college than just the education." Therein lies part of the problem. We treat 19-22 year olds as children.
- VladRussian 15y agowith growing complexity of civilization and growing length of human life, it is natural that to maximize the productive lifetime output of a human person, the amount of education that person receives has been necessarily increasing through the history. Wrt. current state - if you can make people learn basic amount of the knowledge necessary in today's human civilization [ie. BS = K12 + college] in 12 years - fine, drop the college years, otherwise the public education standard must be increased to K16. Higher education right now means MS or PhD. People with bare K12 are the ones left behind and deprived of a chance of being a productive and successful member of the civilization .
- byrneseyeview 15y agoCivilization has gotten more complex in some ways. But the modern world shields us from a lot of other complexity: how many poisonous plants and dangerous animals do you need to identify? How many social/religious rituals do you need to perform completely perfectly lest you be ostracized from society? One of the limiting factors on early-stage civilizations is that it takes pretty much a lifetime to transmit information from one generation to the next; between books, specialization, urbanization, and price signals (which are basically an API on human desires and the resources necessary to fulfill them), we need far less general knowledge than we used to.
- VladRussian 15y ago>we need far less general knowledge than we used to. yep, and more "good paying manufacturing jobs" :) Seriously, it looks like you just don't understand the r- and K-selection (because it would be an unnecessary "general knowledge" until you're an evolution biology professional and thus you don't know it) and thus you don't understand where your sentiment is coming from.
- byrneseyeview 15y agohttp://news.ycombinator.com/item?id=1055153 http://news.ycombinator.com/item?id=1055153 r/K selection is a nice addition to the mental toolbox. (I learned about it while in high school, because I cut class to hang out in the library.) There is a difference between liking an outcome (people who have the intellectual tools necessary to contribute to society) and being wedded to any particular means (ever more students going to ever larger institutions to spend ever more money learning ever, ever less).
- byrneseyeview 15y agoThis is just silly. I started reading this article with a couple biases in mind: I can't ever remember reading anything by Wadhwa and thinking anything other than "That is the conventional wisdom, yes," and Thiel is correct that college is a bubble (http://www.byrnehobart.com/blog/higher-education-the-next-big-bad-bubble/ http://www.byrnehobart.com/blog/higher-education-the-next-bi...) But Wadhwa's advice is just ludicrous. If it's 2005, and you claim that housing is a bubble, the proper response isn't "Go put your money where your mouth is: start manufacturing mobile homes, or tents, or something." It's a non-sequitur: people are overpaying for education because they treat it as an asset: if you double the sticker price, buyers react by assuming that they're buying twice as much of it. The right responses to a bubble: short it, or at least structure your life so you're not dependent on it. In real estate, that means renting rather than buying; in higher ed, that means dropping out and investing your efforts into tasks that better measure your underlying talents, and don't cost tens of thousands of dollars. It's just a weird defense of the status quo: nowhere does Wadhwa ask questions like: have we overestimated how many people should go to college? Are we even willing to tell people that they'd be happier (and society would be better off) if they became electricians or plumbers? It seems like Thiel's framework is flexible enough to imagine a country where 50% of the population earns a masters, or where only 5% pursue a BA. Whereas Wadhwa's framework is robust enough to imagine a swing of half a standard deviation away from whatever the status quo is. Full disclosure: it's a little early to tell, but I'm fairly successful; I dropped out of college my freshman year.
- fleitz 15y agoCongrats on running against the herd. If you keep running against it you'll be wildly successful. I went to college for a semester after I already had a job programming, dropped out after that semester. The only decent thing about college was that I met a fair number of people willing to pay me to learn what they paid to learn. (eg. do their homework) Due to good luck with the real estate bubble and getting paid to program instead of paying to learn it I posit that the personal cost of my degree would be around $400,000. $200,000 in lost wages $150,000 in lost in tax free capital gains $40,000 - $50,000 for the degree I don't need someone else to give me a piece of paper that says I'm 'educated' I'd rather take the dollar fifty in late fees at the library. I can read myself, I don't need to pay a professor $200,000 a year to read me a book.
- fleitz 15y agoThe issue is not education but schooling. We don't invest very heavily in education but spend inordinate amounts of money on schooling. How many people could be given an education for the price of a building with someone's name on it? Once a child is taught to read and write, basic arithmetic, and critical thinking, they should have the tools necessary to teach themselves most subjects. It's easy to fix education, it's difficult to fix schooling. http://www.lewrockwell.com/orig11/gatto2.1.1.html http://www.lewrockwell.com/orig11/gatto2.1.1.html "Self-evaluation – the staple of every major philosophical system that ever appeared on the planet – is never a factor in these things. The lesson of report cards, grades, and tests is that children should not trust themselves or their parents, but must rely on the evaluation of certified officials. People need to be told what they are worth."
- ahsanhilal 15y agoI think Higher Ed efficacy and Higher Ed financing are two separate issues. The system is broken, that does not mean that the system should be abolished. Granted there is a high level of student debt: http://projectonstudentdebt.org/ http://projectonstudentdebt.org/ But that does not mean that education in and of itself structured in curricula and colleges is actually a bad thing. Even with subsidies, education is quite a huge financial challenge for most people. And increasing privatisation of education will only lead to more student debt, almost to the point where the opportunity cost is too high to go to college. That is fine for the genius 1-2% of the USA but for the rest of the US the structure does not really create knowledge based human capital so needed to be competitive in the current global landscape The financing of education brings about a core philosophical issue, which is, is education a public or private good. In most European countries, it is considered a public good, and as such the state's responsibility. As such student debt issues are almost marginal in these countries. However, on the other hand, education and research quality in these universities is really low, as evidenced by rankings: http://www.arwu.org/ARWU2010.jsp http://www.arwu.org/ARWU2010.jsp (I know rankings are debatable but this is the only worldwide global ranking system so lets just use it as a proxy for approximating how good a university is). I also know that due to huge amounts of student loans subsidized through private lenders, the whole education financial system came to an absolute halt in 2008, whereby lenders could not lend to eligible students to go to college. This is due to the fact that education loans are also packaged into securities and sold to investors. They are also some of the highest performing loans. The US government mainly guarantees these loans, but in 2008 had to actually inject money to get loan market flowing again. So the question is, is the university just a place to teach, or somewhere we advance humanity through sometimes isoteric research that may become relevant 20 years from now. The US system has betted on the latter of these two options for the past 30 years or so. The University system in the US is more of a business than a place of education. The increased privitisation of education has thus lead us to this place. Does it make sense to privatise it more given the current situation? In my opinion, probably not. As for people calling for the Khan Academy Model, please look at what they are doing recently: they have partnered up with the Los Altos School district to integrate their platform in classes. That increases the use of tech in education, but it does not necessarily entirely change the way education is imbibed to children. Same with Knewton, which works with universities.
- ErrantX 15y agoOh cool; higher education. My hobby horse. Here's the thing.. all of these statements are true: - Higher education can give you a great professional career path - Higher education can give you social skills The problem is this; there is a third option, which is not to go into higher education and to do something vocational. Unfortunately we live in a world where this is a worse option. That is fucking unbelievable. I just got someone in to do a bit of extension work on my house. It looks great, it is precise craftsmanship from someone who has worked at it his whole life. He learned it vocationally and worked his way up to a pretty successful living. OK, so he is not making millions, but neither do most graudates. Here in the UK, at least, it is assumed you are aiming to go to university and get a degree. In my time it was pretty bad, I think now it is even worse. That's such a worrying idea; I mean, if everyone is a high flying management executive, who the hell are they managing? Kids are sold this idea that you have to go and get a degree and then your life will pan out for you. What a joke; you can hardly blame students for being dissillusioned when they realise that they now have a stonking debt, and there are still no guarantees. I'm not criticising the risk of doing higher education on debt, just that we lie to our younger generations and pretend that it is a done deal if they just get through a couple years are uni. Fucking stupid. We need to refocus. Going from school at 16 to college to learn, say, graphic design is awesome. Except as a society we are supposed to roll our eyes and go "oh, college.. right." I myself fall into the second of my bullet points; my career now is entirely through finding a job for my hobby skills, learning a new "trade" (digital forensics) on the job, and working my way up. Sure, I learned a lot about critical thinking in my degree, but the real takeaway was earning some friends, developing some social skills, making connections, letting myself go for a bit (uptight as a kid, sigh..). My career is entirely self-made at this point (learning programming myself, before uni., Learning forensics. Learning business acumen. etc.) - there are many many similar people out there but because I went to university I must be somehow awesome at this! here's the joke - my grade was about average because I barely turned up for lectures, having more interesting things to do :) The aggravating thing is that I look at really smart, capable people being passed over because they never went to university. Because it is ingrained, now, that for any vocation there is a degree for it. The education revolution, when it comes, doesn't have much to do with cost. But with perception.
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- mmaunder 15y agoEducation in the USA is a massive financial scam, whether or not you think formalized and standardized education is a good idea. I'm with Thiel on this. From Wadhwa's bio: Vivek Wadhwa is a Visiting Scholar at the University of California-Berkley School of Information, Director of Research at the Center for Entrepreneurship and Research Commercialization, Exec in Residence at Duke University’s Pratt School of Engineering, Senior Research Associate at Harvard University’s Labor and Worklife Program, Distinguished Visiting Scholar at Emory University’s Halle Institute of Global Learning, and faculty member and advisor at Singularity University. Vivek declare your income from Berkley, the CERC, Duke, Harvard, Emory and Singularity and we'll be happy to explore how much your lifestyle could be impacted by Thiel's point of view.
- andylei 15y agojust because someone is biased does not mean they are wrong
- learc83 15y agoThis is true. Most worthwhile ideas/opinions are developed by people who feel strongly about a subject, otherwise why would they take the time in the first place. However, pointing out potential bias is still appropriate.
- andrewparker 15y agoMany of the online learning solutions quoted throughout this comment thread are excellent for people who are autodidactic (and I suspect a vastly disproportionate % of the HN audience are autodidactic). But, for everyone else who lack the will power, discipline, attention span for self-education, college is a great way to structure higher education. College is more than just a piece of paper, it's an opportunity to explore new subject matters and grow both intellectually and socially. College isn't for everyone. Most private colleges are too expensive to be affordable to 90% of the attendees. But, nearly every state offers a high quality public university at 1/10th the price, so if cost is the main reason why college is taking such criticism in this forum, then I'd agree in merit, but I'd encourage more students to consider public college options instead of skipping college all together.
- ippisl 15y agoE-learning doesn't prevent you from building a structure and motivational tools(i.e. peer pressure). You could, together with a few class mates, do a weekly/daily study group , using google+ hangouts.
- learc83 15y agoYes, college may be a worthwhile endeavor. The question is, should it be a required endeavor.
- jseliger 15y agoMany of the online learning solutions quoted throughout this comment thread are excellent for people who are autodidactic (and I suspect a vastly disproportionate % of the HN audience are autodidactic). But, for everyone else who lack the will power, discipline, attention span for self-education, college is a great way to structure higher education. This is a great and accurate comment; it reminds me of what I wrote about in "Policies have consequences: Teacher edition" (http://jseliger.com/2011/03/06/policies-have-consequences-teacher-edition/ http://jseliger.com/2011/03/06/policies-have-consequences-te...), in response to another HN thread. The gap between the rhetoric I see on HN regarding education and what I see in classrooms is so vast as to be amazing. Many if not most people simply won't do something educational or vaguely educational unless there's some kind of external structure in place to make them do it—for more on this phenomenon, see Dan Ariely's book Predictably Irrational. The HN commenters who are wildly self-motivated and, as you say, auto-didactic, are the exception. Which is great, by the way, and, as many commenters point out, the Internet is a great way for to achieve educational and intellectual goals. What the commenters miss is one thing: it's great for the highly motivated and interested. For everyone else, it doesn't hurt, but it's also not a substitute.
- loup-vaillant 15y ago> If you indeed believe that we are headed for disaster, please work on averting it. The way I see it, Thiel may have other priorities. Among other things, he is a big (the biggest, if I recall correctly) donor for the SIAI (Singularity Institute for Artificial Intelligence), which works on reducing existential risks. That does pretty well for "averting disaster", though we're not talking about education here.
- Shenglong 15y agoI find it a little silly that people still think the problem in education lies with not adopting modern technology. I'll say this again: the problem with modern education lies with bureaucracy and operational inefficiency. http://www.uwo.ca/ http://www.uwo.ca/ is a wonderful example. I feel like I should write a more detailed post about this. I actually took the initiative to write several angry letters to the administration, and eventually got a meeting with the Registrar's office. Among other things, I told them about http://www.schedulizer.com http://www.schedulizer.com which is pretty much everywhere in the USA already. Their response: "Well, if it doesn't cost us anything, we don't see any problems, and we don't need to do anything, we can potentially allow it to be implemented it in 3-4 years."
- shareme 15y agoHe refuses to highlight the Highway robbery of both tax payers and students by the Banking Elite. Guess what folks the K12 budgets have not alarmingly increased over the past 12 years, just colleges. We have a system where elite bankers get to rob tax payers and students with Loans that defy the uniform commercial code with on term limits and other somewhat illegal terms. Than we allow that banking elite class to stack the trustees that are elected at state colleges so that there will always be a raise in budgets and rates every year. Here is the difference...30 years ago a student could pay for college tuition from a job right out of high school. Are we really gaining something when we allow colleges to enact unfunded liabilities such as retirement to those who only put in 10 years and a sports program that basically is a farm team for professional sports without professional sports paying for the that farm team?
- learc83 15y agoMy younger brother has to pay an extra $400 in order to finance his school's new football team. Why? The answer that the college would give is that eventually the football team will generate revenue, in ticket sales, increased attendane, and increased alumni giving. Yet, in 10 years I can guarantee that the $400 charge will still be appearing on students receipts (probably higher).
- munin 15y agoI don't understand how the naysayers of higher education can argue that any amount of viewing lectures can replace legitimate interaction with an expert in the field. I've taken a lot of classes where I could watch a video of the professor lecture 100 times and be completely lost without the ability to interrupt and ask "excuse me, but how did you go from the base case to the inductive case" or "could you explain that more". If you take STEM classes where the class size is under 40, i.e. upper division classes, you are both able to do this, and you almost NEED to do it. I really don't see people learning operating system design, complex analysis, abstract analysis, circuit design, and organic chemistry, from Khan Academy ...
- mruser 15y agoAll I read: Peter, "put your money and energy behind your convictions" since "the world is ripe for another revolution" through "tablet-type devices" that are "ubiquitous". Tl;dr, this whole thing is stack of non-sequiturs.