Universities secretly sold their students to online casinos

It’s varsity-level corruption.

Cory Doctorow

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A gaudy casino floor. In the foreground is a figure in college graduation robes giving a double thumbs-up. His head is a grinning skull with a mortarboard.

End-stage capitalism’s defining characteristic is making money rather than making things. Think of how Jack Welch destroyed GE by transforming it from a manufacturing company to a financial engineering shop:

https://the.ink/p/like-capitalism-itself-business-journalism

Hospitals are invoice-generating factories with a sideline in medicine. The electronic health record only incidentally records your health. Its primary purpose is to record your billing-codes:

https://www.beckershospitalreview.com/ehrs/physicians-spending-nearly-2-hours-a-day-on-ehr-tasks-outside-work.html

And universities? Ugh. Most universities now have more administrators than faculty:

https://www.jamesgmartin.center/2022/08/administrative-bloat-harms-teaching-and-learning/

Much of that “administration” comes down to begging alums for money to funnel into vast endowments, but heaven forfend those endowments would be used to cover payroll and other essentials, even in a pandemic emergency:

https://www.forbes.com/sites/reneemorad/2020/04/21/harvard-under-fire-for-accepting-nearly-9-million-in-coronavirus-relief-funds/

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