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I came here to post this. This far more than out of touch politics or corruption is the fundamental problem. When NFTs take advantage of young gullible people
by api 3y ago
I came here to post this. This far more than out of touch politics or corruption is the fundamental problem.
When NFTs take advantage of young gullible people to sell them certificates at a ridiculous markup, we properly call that a scam.
When universities let students go into massive debt for degrees that do not boost earning power, that’s fine.
What’s even more criminal is that tenure track positions remain scarce and academics in general remains underfunded in spite of insane tuition inflation. Where is that money going? Loads of administrators and salary increases for the higher ups of course. Administration overhead is just ludicrous. It’s a jobs program for older people funded by making the young go into debt.
Goofy politics is a minor issue next to this.