Guest blog post from OfTwoMinds.com of Charles Hugh Smith with an interesting take on Higher Ed.
The blog post was titled as 'The Nearly-Free University' and is sure to stir up some opposition to the complimentary course provisions from the likes of NYU (Read Damodaran), Stanford, and MIT who contribute to Open Course Ware motion (read OCW consortium).
http://www.oftwominds.com/blognov12/nearly-free-university11-12.html
Although this is a radical point of view, it is not a radically new opinion because a similar opinion was presented by NYU's Aswath Damodaran here where he argued that the monopoly based university business model is a failure.
The guest post is highlighting a new trend, which will take time to establish. The displacement of this cartel will take significant time - may be even decades. However, if debt were to shape up the US as it is attempting to shape up the EU region, then the displacement may be expedited.
As an extension to this vision, it is possible that higher education in US will have majority of foreign buyers. Already, there are rants, which are going viral, about 'Asians in the library'
Although the government is actively dissuading the foreign buyers (amounting to $23 billion in just tuition fees) through a policy-oriented attack, they will still come in hoards. Read an article from The Economist here with a sub-text that shutting out foreign brains is a good way to foster mediocrity.
Enjoy the read. Leave a comment or two if you like.
The blog post was titled as 'The Nearly-Free University' and is sure to stir up some opposition to the complimentary course provisions from the likes of NYU (Read Damodaran), Stanford, and MIT who contribute to Open Course Ware motion (read OCW consortium).
http://www.oftwominds.com/blognov12/nearly-free-university11-12.html
Although this is a radical point of view, it is not a radically new opinion because a similar opinion was presented by NYU's Aswath Damodaran here where he argued that the monopoly based university business model is a failure.
The guest post is highlighting a new trend, which will take time to establish. The displacement of this cartel will take significant time - may be even decades. However, if debt were to shape up the US as it is attempting to shape up the EU region, then the displacement may be expedited.
As an extension to this vision, it is possible that higher education in US will have majority of foreign buyers. Already, there are rants, which are going viral, about 'Asians in the library'
Although the government is actively dissuading the foreign buyers (amounting to $23 billion in just tuition fees) through a policy-oriented attack, they will still come in hoards. Read an article from The Economist here with a sub-text that shutting out foreign brains is a good way to foster mediocrity.
Enjoy the read. Leave a comment or two if you like.
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