Peter Thiel: higher ed is a dysfunctional tournament

This tournament is obviously bad for the losers, who end up shut out of a self-satisfied “meritocratic” elite. But it’s bad for the winners, too, because it trains them to compete on old career tracks such as management consulting and investment banking instead of doing something new. And it’s worst of all for society at large because our economy stagnates when its leaders jockey to collect rents from old industries instead of working to create new ones that could raise the standard of living for everyone.

http://www.washingtonpost.com/opinions/peter-thiel-thinking-too-highly-of-higher-ed/2014/11/21/f6758fba-70d4-11e4-893f-86bd390a3340_story.html

Share
Stephen By Stephen

About me

Stephen

Professor and quant guy. Libertarian turned populist Republican. Trying to learn Japanese and play Spanish Baroque music on the ukulele.

Subscribe via email

Enter your email address to subscribe to my blog and receive notifications of new posts by email.

Tags