College Education Meltdown

Writes Mark Cuban in The Coming Meltdown in College Education & Why The Economy Won’t Get Better Any Time Soon:

I don’t think any college kid took on tens of thousands of dollars in debt with the expectation they would get a job working for minimum wage against tips.

At some point potential students will realize that they can’t flip their student loans for a job in 4 years. In fact they will realize that college may be the option for fun and entertainment, but not for education. Prices for traditional higher education will skyrocket so high over the next several years that potential students will start to make their way to non accredited institutions.

While colleges and universities are building new buildings for the english , social sciences and business schools, new high end, un-accredited, BRANDED schools are popping up that will offer better educations for far, far less and create better job opportunities.

As an employer I want the best prepared and qualified employees. I could care less if the source of their education was accredited by a bunch of old men and women who think they know what is best for the world. I want people who can do the job. I want the best and brightest. Not a piece of paper.


The Higher Education Industry is very analogous to the Newspaper industry. By the time they realize they need to change their business model it will be too late. Higher Education’s legacy infrastructure, employee costs /structures and debt costs will keep them from being able to re calibrate to a new generation of competitors.

BBC Bows to Mecca

Here’s a piece about the BBC’s (Bend over Backwards Corporation?) self-censorship over Islam and Muslims as an explicit, mandated policy under its current director, Mark “Run Away!” Thompson. (The nickname is mine, from the knights’ battle cry in Monty Python’s “Holy Grail” movie.) I’d like to see a similar exposé of its counterpart here in the U.S., the Corporation for Public Broadcasting (or PBS) “a private corporation funded by viewers like you,” through donation and tax dollars.

Anyone see the contradiction in that assertion? I’ve not seen a single program that portrays Islam in its true light, only programs about animals and struggling illegal aliens and global warming and bringing technology to poor countries that couldn’t sustain it anyway because they’re mired in collectivism and socialism. or just plain primitivism. We don’t have a TV license tax here, but we may as well have for all the hidden taxes that go into the purchase of a TV. The CPB is the federal government’s propaganda arm; PBS affiliates are its local branches, and the MSM its private and willing auxiliary, all hoving to the
gentleman’s agreement to “never speak ill of Islam.” — Ed Cline

A Plea for Productivity

Twenty one French economists stood against the political trend in Europe as their open letter was published in the The Wall Street Journal.  This opinion could not have appeared sooner as monetary policy, impulsive bailouts, and woeful prospects plague the European economy.  With the election battle between Nicolas Sarkozy and socialist Francois Hollande unfolding, these non-partisan economists launched an un-apologetic attack to those that, “think that one man’s life can be improved by robbing another.”

In it, they refute the practicality of finding balance between a quasi-free market system and the continuous expansion of a coercive welfare state that redistributes wealth:

Socialism has never succeeded in its extreme form, communism. As the past several years in Europe have shown, it does not work in its milder form of social democracy either. If European history teaches us anything, it is that prosperity is closely correlated to economic freedom.

Additionally, the observation is made that goods, wealth, and values are the products of man’s mind.  Government’s role is not to engineer society but to preserve the ability of men to think rationally and produce:

Growth can not be decreed: It is the result of unpredictable decisions and actions by countless individuals, all capable of effort and imagination. And growth can only come if these countless individuals’ impulses are not paralyzed by regulations, taxes, or dependence on the state. That is the path down which Mr. Hollande’s socialist policies would lead us, with the support of his inevitable Communist and environmentalist allies: A France that can produce nothing but economic stagnation and ever-higher unemployment and poverty, as the debt burden becomes unbearable.

…And they conclude with this–the inescapable nature of reality:

Sadly, whatever happens on Sunday seems unlikely to deliver France from socialism—our choices range from the status quo of a statist right, to the grand visions of a more-statist left. There is only one solution to restore hope to France: Abandon socialism entirely. To let it grip us even more tightly, as Mr. Hollande promises, would be a fatal error.

Here’s hoping statism and socialism will be rejected entirely…before it’s too late.