The University as Cargo Cult
And so we end with dystopia, with a race to the free-market bottom. What makes it a tragedy is that President Obama is right about education’s importance. Not because college augments our future earning power, or helps us compete with Bangladesh, but because the pursuit of knowledge is valuable in its own right. This is why every democratic movement from the Civil War to the 1960s aimed to bring higher ed to an ever widening circle, to make it more affordable. Ours is the generation that stood by gawking while a handful of parasites and billionaires smashed it for their own benefit.
Thomas Frank with an absolute barn-burner against academic capital and the university in ruins, in The Baffler.