not betting on it with my own. Gates can afford to say and think anything. these fuckers ... with every home run they hit, they whiff, badly, 10,000 times. they can afford those whiffs.
Gates is no more an oracle than Paul Allen.
So, your contention is Gates' failure rate on his ideas is 10,000:1? Can you back that up?
Also, how long do you think the parabolic rise in student loan debt can continue?
Hey man...everyone deserves an education...
I like to be surprised when I give people a bunch of money to buy a good or service and then the price of that good or service goes up......I like to do that.
I think the market will correct for this. Are there too many universities? Don't know. If there are, then those that can't compete will, and should, disappear. But I didn't read anything in the attached article that would cause me to believe that up to 1/2 of this nation's universities will be gone in 10 years.
If the government gets out of the business of funding everyone's fucking education (like it did mine), then schools will find a way to offer education for what people can and will afford for it.
There is one externality that plays in favor of schools sticking around: sentimentality. People don't view education as a commodity. Many personalize it. That's why universities can embark on huge cap campaigns, exceed their goals, then turn around a year later and tell everyone they need more. And they get it.