Looking back in hindsight, I'd argue that the governments of the world have behaved with criminal negligence in locking down their economies, but not all the economic news is bad. In an interview worth watching on American public television channel PBS, Professor Scott Galloway of New York University suggests that third class American universities (the great majority of them) will struggle to survive next year.
I hope that many universities in the UK and USA do go bankrupt, partly because they are money making scams whose victims are teenagers, but also because of the left-wing ideology they inculcate in the young. I doubt it will happen though.
I'd like to think many leading newspapers will go bust too, but certainly the New York Times, arguably the worst paper of all, expects to flourish.
At least its columnist Ross Douthat expects it and other big newspapers to do so. He, like Professor Galloway, thinks big business and big universities will increase in power and wealth thanks to the pandemic, while small businesses do badly.
I hope that many universities in the UK and USA do go bankrupt, partly because they are money making scams whose victims are teenagers, but also because of the left-wing ideology they inculcate in the young. I doubt it will happen though.
I'd like to think many leading newspapers will go bust too, but certainly the New York Times, arguably the worst paper of all, expects to flourish.
At least its columnist Ross Douthat expects it and other big newspapers to do so. He, like Professor Galloway, thinks big business and big universities will increase in power and wealth thanks to the pandemic, while small businesses do badly.
Some people even think the lockdowns were designed to favour large left-wing companies at the expense of small businesses. I don't believe in this conspiracy theory. I never believe in conspiracy theories. But the economic catastrophe will favour the rich and hit very hard the poor and the middling people.
I hope though that it hits hard papers like the New York Times too. I'd like to think its mendacity and unreliability should be pretty hard for its readers to tolerate, however much they like its political line.
I hope though that it hits hard papers like the New York Times too. I'd like to think its mendacity and unreliability should be pretty hard for its readers to tolerate, however much they like its political line.
I hope that many universities in the UK and USA do go bankrupt, partly because they are money making scams whose victims are teenagers, but also because of the left-wing ideology they inculcate in the young. I doubt it will happen though.
ReplyDeleteIt would be desirable for at least three-quarters of them to go broke. In a sane world universities would be reserved for the 10% or so of the population that can actually benefit from them.
But our idiot governments will probably bail them out.
The fetishising of university education has possibly been the most dangerous of all the social changes of the postwar period.
Not the most dangerous - that is a very crowded field - but we now have a discontented intellectual proletariat and the 50% in the UK who do not go to university are second-class citizens. Being part of the 97% who do not go to university back in the 1980s was not so bad.
ReplyDeleteYes governments will bail them out though Donald Trump, if re-elected, might be the exception to this rule.
ReplyDeleteInteresting. In the US university graduates are much more likely to be married and for their children to be born within marriage than people who never go to college. There is a conservative side to all the supposed left wokeness.
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