Universities secretly sold their students to online casinos
It’s varsity-level corruption.
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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:
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:
Nor are endowment funds available to pay the education workers who actually teach students, but can’t afford the rent, food, or family:
The point of the endowment is to increase the size of the endowment — not to improve educational outcomes or research. That’s why Harvard is “A hedge fund that has a university”:
https://www.wsj.com/articles/a-hedge-fund-that-has-a-university-1510615228
This is the overwhelming logic of capital: capital exists to increase capital, and the underlying mechanism for that increase is irrelevant. This was the reasoning behind the surreal bid to sell the .ORG nonprofit registry to a secretive hedge-fund.
The point of the .ORG registry is to host domain records for nonprofits; incidentally, this throws off…
