The university system was the envy of the world when it was run like a government program. It was only when we started running them like businesses that the system has gone pear-shaped.
i was going to say "maybe US universities are basically bloated, greedy corporate fat-cats that cannot compete in the global marketplace."
but it raised a question i couldn't answer: how do such unproductive blobs of corporate greed survive at all? i mean, if it's not government subsidies. is it some sort of protectionist regulatory regime (e.g. sort of like the TBTF Wall Street banks enjoy)? some kind of collusion? a secret cartel?
but it raised a question i couldn't answer: how do such unproductive blobs of corporate greed survive at all? i mean, if it's not government subsidies. is it some sort of protectionist regulatory regime (e.g. sort of like the TBTF Wall Street banks enjoy)? some kind of collusion? a secret cartel?