I predict that education will continue to be a huge political and economic battleground globally for the foreseeable future. There are so many reasons: 1. Conv

I predict that education will continue to be a huge political and economic battleground globally for the foreseeable future. There are so many reasons: 1. Convention and desire for free and equal access to basic education is one of the cornerstones of the meritocracy, which prevents a purely economic solution. Even at the university level the government gives lenders extra recourse and the schools themselves provide aid. 2. Credentialism: access to well known schools is highly prized and self perpetuating. Even if a new school has an excellent staff it could take decades for graduates to go out in the world and make the school's reputation. 3. Access to peers: beyond pure credentialism and instructor quality is the caliber of the fellow students that can make a big difference. 4. GPA inflation. The students constantly try to exert pressure on the instructor to raise GPA. If the instructor gives in what happens is effectively GPA socialism ... if many students have a high GPA the true top students are no longer easily distinguished by GPA. Admissions officers then track the students' performance and incoming GPA versus their originating school ... a high GPA from that school is then worth less.