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Forum Post: For Profit [Education] is a Fraud

Posted 2 years ago on Sept. 8, 2012, 1:24 p.m. EST by agkaiser (1307) from Fredericksburg, TX
This content is user submitted and not an official statement

We the People must do what we need to do to live, of, by and for ourselves. The corporations care only for themselves. Private enterprise is a threat to our existence.

Radi has a comment about the flaw in the reeducation proposal that's perennially offered to rehabilitate the 'usual suspects.' “'Leveling the Field,' Harper's October, 2011, is about for profit education. The University of Phoenix plays big in the article. Sixty percent drop out the first year. Twelve percent graduate. The bait and switch pitch on how long it takes and how much it costs is exposed. Tuition for nine months per year is presented but time to complete is based on year round classes. The hard sell stresses jobs and higher income as it prepares the victims to blame themselves when they fail. Most don't get the promised jobs and pay if they do graduate. There's constant reinforcement that failure is on the victims of the scam that puts profits first. Many default on student loans that have ballooned in a decade to over a trillion: up 1000%. The government is often the ultimate victim of their fraud. The perpetrators [for profit educators - not the teachers union] get to keep the taxpayers money.”

“Interestingly 40% of Americans have college degrees and 54% of Russians do.” Veritas muses out loud on that tidbit from the Harper's article. “I've heard there's greater inequality in Russia today than there is here. How does that inequality compare to the ante 1990 levels? Maybe I'll look that up. What's been happening in America is my concern for now. As in all matters, entrepreneurs, businesses and speculators (all investment is speculation; 'the risk justifies the profits') get too much of the student loan and grant dollars. Safeway, ADM and the commodities futures traders in Chicago get the Food Stamps. Slum lords get the welfare checks etc.

“The more mature free market capitalism is, the more sure the concentration of wealth, as the invisible hand of mindless greed converts the cash flow roadways into one way streets. Alexis de Tocqueville wrote about the inevitable hereditary aristocracy that would spring up in America while Marx was not yet twenty years old. That today's economists and most of the contemporaries of nineteenth century prophets haven't seen the failure of unregulated greed as a survival strategy suggests Homo Sapiens is an oxymoron.”

Excerpt from: How Does That Work? https://www.createspace.com/3852916

6 Comments

6 Comments


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[-] 2 points by VQkag2 (16478) 2 years ago

I agree for profit education is a scam.

[-] 2 points by agkaiser (1307) from Fredericksburg, TX 2 years ago

Radi is skeptical of for profit education. Others wonder if all of capitalism is a scam. Concentration of wealth is made inevitable by compound interest on investment. The evidence is obvious. But no one seems to notice.

[-] 1 points by agkaiser (1307) from Fredericksburg, TX 2 years ago

“So the question is, do corporate executives, provided they stay within the law, have responsibilities in their business activities other than to make as much money for their stockholders as possible? And my answer to that is, no they do not” - Milton Friedman

[-] 1 points by agkaiser (1307) from Fredericksburg, TX 2 years ago

Milton Friedman said it is right that our corporate rulers screw the community and serve only the investors.

[-] 1 points by agkaiser (1307) from Fredericksburg, TX 2 years ago

If I keep trying! . . .

[-] 1 points by agkaiser (1307) from Fredericksburg, TX 2 years ago

try harder!