providing access to everyone for something by nature devalues it. as we try to democratize and socialize the world we try to give everything away.
college is just another victim of this. no one wants to tell a parent that their new born child is ugly and no one wants to live in a world where we can't all hope to be anything.
the housing bubble was the result of parents telling their kids to buy homes, because that's the american dream.
if education is a bubble, if housing is a bubble, then the american dream might just be a bubble too.
maybe it's time we invent a new dream.
a long while a go we dreamed of working less. i feel like in a creative economy, one where the generation of creative ideas is of principal, maybe we need more time to be creative and to share.
i think largely as a whole we are at peak capitalism. capitalism seems to best fit when resources are expansive. i feel like in the next 20 years resources will be less scarce than in the previous 20, and that is a strong signal that we no longer need to focus on exploration and expansion as much as we do living within our means.
I disagree with this "providing access to everyone for something by nature devalues it"
It's not just that everyone has access. It's also that bubbles create huge numbers of over-valued objects. If these for-profit colleges were cranking out well-trained software engineers we'd see a rise in overall real value (there'd be more technical co-founders available). Instead they're charging students 25k for online classes in degrees that society has no demand for. The same way pyramid schemes sell you junk to sell to your friends. You end up with a bunch of junk you can't sell. The degrees provide little or no real value to the workforce, and they're not even a filter anymore. That's what's really wrong with them.
1. Providing food for everbody devalues food, but frees up the labour of everybody to make cool shit.
2. ???
3. No - it was a result of poorly underwritten loans, made possible by a lengthening/abtraction of the underwriting chain through mortgage backed bonds.
4. ???
5. ???
6. Peak capitalism? Where did you get that idea from? Do you honestly think we have reached maximal productive capacity? Do you know how much more cool shit I will be able to do when quantum computing gets here? Do you know how many people still do menial jobs that could be automated, freeing up those people to build other cool shit for me to have a better time?
> college is just another victim of this. no one wants to tell a parent that their new born child is ugly and no one wants to live in a world where we can't all hope to be anything.
Yes, the three words that define the last 10 years (in this context) are: exceptional, entitled, and special. Many people are merely average.
The devaluation of vo-tech schools also contributes to the bubble. Much of the CS technical skill training (like configuring a router, network planning, etc) needs to moved to vocational technical schools. You don't need a 4-year masters degree (nor the student debt) to do basic design and troubleshooting.
providing access to everyone for something by nature devalues it
Particularly true in education. Consider a hypothetical scenario where a law is passed that all CS curriculums across the nation have to be synchronized. Could you take the curriculum from MIT or CMU and simply drop it on Podunk U unchanged? Probably not. The only way to provide access is actually to lower standards.
college is just another victim of this. no one wants to tell a parent that their new born child is ugly and no one wants to live in a world where we can't all hope to be anything.
the housing bubble was the result of parents telling their kids to buy homes, because that's the american dream.
if education is a bubble, if housing is a bubble, then the american dream might just be a bubble too.
maybe it's time we invent a new dream.
a long while a go we dreamed of working less. i feel like in a creative economy, one where the generation of creative ideas is of principal, maybe we need more time to be creative and to share.
i think largely as a whole we are at peak capitalism. capitalism seems to best fit when resources are expansive. i feel like in the next 20 years resources will be less scarce than in the previous 20, and that is a strong signal that we no longer need to focus on exploration and expansion as much as we do living within our means.