IW: The privatization (for profit) of universities is simply part of the commodification of everything, which has been from the beginning the objective of capitalists. What is happening in eastern Europe is happening absolutely everywhere in the world. I think I have already indicated how this is related to so-called globalization. It is however a fragile structure. Students pay far too much to these for-profit structures. They do so in the expectation that it will get them well-paid jobs. But it wont. For most persons, it simply gets them enormous lifelong debts. They will begin to abandon these structures, many of which are already going bankrupt.
Posted on: Mon, 03 Feb 2014 18:21:00 +0000
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