The Great Mistake

The Great Mistake

How We Wrecked Public Universities and How We Can Fix Them

Book - 2016
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Higher education in America, still thought to be the world leader, is in crisis. University students are falling behind their international peers in attainment, while suffering from unprecedented student debt. For over a decade, the realm of American higher education has been wracked with self-doubt and mutual recrimination, with no clear solutions on the horizon. How did this happen? In this stunning new book, Christopher Newfield offers readers an in-depth analysis of the "great mistake" that led to the cycle of decline and dissolution, a mistake that impacts every public college and university in America. What might occur, he asserts, is no less than locked-in economic inequality and the fall of the middle class. In The Great Mistake, Newfield asks how we can fix higher education, given the damage done by private-sector models. The current accepted wisdom-that to succeed, universities should be more like businesses-is dead wrong.
Publisher: Baltimore : Johns Hopkins University Press, [2016]
ISBN: 9781421421629
1421421623
Branch Call Number: 378.05 N45G 2016
Characteristics: xiii, 430 pages : illustrations ; 21 cm

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StarGladiator
Dec 28, 2016

Fantastic book [and while the author makes many tremendous points, please be sure to memorize pp. 205 -- 210], although I don't think there was any // mistake \\ involved, so I would respectfully disagree with the author on this point and also some positive comments on President Obama whom I feel was behaving just as he did on that so-called fraudclosure/mortgage modifications - - all talk, some legislative subterfuge, but secretly on the side of the banksters the entire time. [Just as back in 2010, when the US Senate took a unanimous voice vote {thanks again, Sen. Maria Cantwell, for your neocon ways} and voted in favor of legal immunity from prosecution for the bankers involved with illegal fraudclosures, and President Obama vetoed it with much vocal chastising, then sneakily, seven days later, issued a presidential directive granting immunity from prosecution to the bankers!!! When it comes to being a Master of the Game, Obama makes Reagan look like a noobie or neophyte!]
The one point the author didn't make, either a bit too abstract or he may not realize this, is that a major factor in pumping up costs for student loans is that those loans are then securitized, which ALWAYS drives up the costs, et cetera.
[On the Great Mistake: the macro picture looks like they designed the first major wealth transfer, the mortgage meltdown, to explode first [hence the transfer], next the securitized student loans, then the securitized auto loans, then probably credit card receivables, et cetera!?]

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