Stupid ass private education bullshit

  • CannedYeet@lemmy.world
    link
    fedilink
    arrow-up
    3
    ·
    7 hours ago

    Higher education is a positional good. That means you’re not paying to learn, you’re paying to be ranked among the top X%. By definition only so many people can be in the top X%, so it’s an arms race dynamic just bidding up the price of education.

    That’s also why Harvard doesn’t create a chain of schools like the for-profits. They’re not better at education. They’re selling exclusivity.