mercury14
Pragmatic Metaphysician
- Joined
- Jul 8, 2009
- Posts
- 22,158
What happens when you artificially increase the supply of any commodity?
You lower its value.
When you start handing out degrees you get an inflation in that field (you also get an inflation in grades since all students cannot make the grade). So, when you subsidize an artificial glut with cheap loans and easy admissions, then you get too many inferior people chasing too few jobs and no way to pay it back other than to endure the frustration of taking up work which they were not trained for and may even look down upon.
Or, they simply retreat back to academia and take on more debt.
With even fewer job prospects as they increasingly specialize in some niche...
Then you end up with a nation that won't do those jobs, so you import (or allow in illegal) immigrants and immediately begin educating their children as a "right."
As a liberal I hold up the ideal of social mobility as key to American society. And indeed liberalism and capitalism are one and the same on this matter. In a free, capitalist society each individual must be able to reach their full potential, unimpeded. Reaching one's full potential should not, and cannot be determined by the degree of wealth one was born into.
What AJ is suggesting is that American society be transformed into something else. His idea that only those with financial means have free access to higher education is not American, nor is it capitalistic. It's plutocratic.