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They are not acting like capitalists because they don't have to. They offer a low value product for a high price, and the government foots the bill through gua
by fallingknife 4y ago
They are not acting like capitalists because they don't have to. They offer a low value product for a high price, and the government foots the bill through guaranteed student loans. If they had to take risk on the loans, then they would act like capitalists, which means limiting expenses, and pricing the product where it provides economic value to the customers. If not, they cease to exist, like any other capitalist.