The End of Higher Education’s Golden Age

The End of Higher Education’s Golden Age. Clay Shirky’s fantastic post about the costs and structural instability of our current higher education model. The last line is killer:

Arguing that we need to keep the current system going just long enough to get the subsidy the world owes us is really just a way of preserving an arrangement that works well for elites—tenured professors, rich students, endowed institutions—but increasingly badly for everyone else.