"The charmingly naive American student is in fact a cash cow, and everyone has got a scheme for slicing off a porterhouse or two. . . .It is all so wonderfully circular, is it not? We know college degrees make us affluent because affluent people have college degrees; and we also know that we must spend lots of money on college - signing up for a life of debt, essentially - because we believe status signifiers like college ought to be fantastically expensive. Think about it this way for long enough and you start to suspect that maybe those fancy stickers you put in your rear window are what education is all about, the distilled essence of the whole thing."
Thomas Frank on the collapse of the American university in Baffler #23: ACADMY FIGHT SONG.












