Universities have become factories for aristocrats without a future.
There is something profoundly ridiculous about the fact that we have constructed a civilization capable of sending human beings into space, sequencing the human genome, and developing machines capable of solving extraordinarily complex mathematical problems, yet somehow require an eighteen-year-old to spend four years of his life and tens of thousands of dollars obtaining permission to apply for an entry-level office job. The university, supposedly an institution dedicated to the preservation of knowledge, the cultivation of intellectual excellence, and the transmission of civilization's accumulated wisdom, has gradually transformed itself into a rather extraordinary combination of a corporate recruitment center, a luxury residential development, an administrative bureaucracy, and a financial institution whose principal customer happens to be a young adult with virtually no understanding of the economy in which he is about to participate. He is promised independence, intellectual sophistication, lifelong friendships, romantic opportunities, and, most importantly, a respectable position within the professional classes. In return, he is expected to surrender an enormous amount of money, several years of his life, and a considerable portion of his psychological well-being to an institution whose actual obligations to his future are remarkably limited. And if the whole arrangement fails to produce anything resembling the advertised outcome, the university can simply suggest that he pursue a master's degree. Wonderful. Perhaps another forty thousand dollars will do the trick.
I increasingly suspect that the so-called college experience is one of the most successful commercial myths of modernity. We are shown beautiful campuses, attractive young people laughing beneath autumn trees, extraordinarily enthusiastic professors, exciting social opportunities, and the promise of becoming a fully developed adult through the apparently miraculous act of attending lectures. Yet the 2024–2025 Healthy Minds Study reported that approximately 37 percent of surveyed students screened positive for moderate or severe depressive symptoms, while another 33 percent screened positive for moderate or severe anxiety. Eleven percent reported suicidal ideation during the preceding year. These findings do not establish that universities themselves cause psychological distress, naturally, but they do complicate the lovely advertising campaign suggesting that these are supposed to be the happiest years of your life. The student may instead spend his evenings sitting alone in an overpriced dormitory, surviving on instant noodles, completing assignments he has no particular interest in, and wondering whether the entire arrangement was a rather expensive mistake. I do not doubt that university can provide extraordinary friendships, intellectual discoveries, and romantic experiences. But since when did friendship require tuition? Since when did romantic attraction require a university identification card? Since when did learning to live independently require purchasing accommodation from an institution that will also charge you for the privilege of attending its lectures? We have managed to commercialize the ordinary experiences of young adulthood, package them into an attractive institutional product, and convince millions of people that they will somehow miss an indispensable component of human existence unless they purchase it. And perhaps the most ridiculous aspect of the entire situation is how thoroughly we have accepted the idea that everybody ought to participate. Not everybody needs to attend university. Not everybody benefits from university. And I am increasingly convinced that a substantial portion of the population would be considerably better off acquiring practical skills, financial independence, and actual professional experience than spending four years pretending to enjoy an academic environment they never particularly wanted to enter.
And the financial arrangement is, frankly, fucking extraordinary. For the 2026–2027 academic year, the College Board reports average published tuition and fees of approximately $12,290 for in-state students at public four-year universities, $32,730 for out-of-state students, and $46,350 at private nonprofit institutions. The estimated total annual student budget at a private nonprofit four-year institution reaches $67,610, once housing, food, transportation, and other expenses are included. Financial aid reduces the actual price for many domestic students, sometimes substantially, but the costs of attendance remain considerable, especially for students without generous assistance. International students frequently face additional expenses, nonresident tuition, restrictions on employment, and limited access to American financial assistance. Imagine traveling halfway across the planet to spend the equivalent of a respectable annual salary in your home country on the privilege of studying at an American university, only to discover that your prospective employer would prefer somebody with three years of professional experience. The usual defense is that graduates earn more money, and indeed, the statistical earnings premium associated with university education is real. But the average conceals enormous differences between disciplines, institutions, debt burdens, and individual outcomes. Research from the Foundation for Research on Equal Opportunity estimated that approximately 31 percent of students were enrolled in postsecondary programs with negative expected financial returns. Nearly half of the master's degree programs examined in its research were estimated to leave students financially worse off. Certain engineering disciplines, nursing, computer science, accounting, and specialized professional pathways can provide substantial financial rewards, while medicine and law can offer exceptional incomes after considerable additional education. But a bachelor's degree in psychology does not qualify somebody to practice independently as a clinical psychologist, and many academic careers in the humanities and sciences require postgraduate education before the individual can even seriously compete for specialized positions. Four years becomes six. Six becomes eight. And eventually one discovers that the desirable position requires experience, which cannot be obtained without first acquiring the desirable position. The university is, naturally, happy to sell another qualification in the meantime.
This is where credential inflation becomes particularly interesting. A degree is supposed to distinguish its holder, but when everybody possesses one, the distinction becomes increasingly meaningless. Employers begin requiring degrees for positions that previously demanded substantially less formal education, graduates respond by obtaining additional qualifications, and the entire population gradually participates in an educational arms race whose principal beneficiaries are often the institutions selling the ammunition. We have confused possessing knowledge with possessing credentials, and possessing credentials with possessing competence. These are three different things. A person may understand mathematics without attending university, obtain a mathematics degree without becoming a particularly good mathematician, and become an extraordinarily competent professional through training that has little resemblance to conventional academic life. Yet the institution insists upon its own indispensability, as institutions generally do when their continued existence depends upon convincing the public that their services cannot be replaced. The student is told he needs a degree to obtain employment. He obtains the degree. He is told he needs postgraduate education to become competitive. He completes the postgraduate education. He is told he needs professional experience. And if the entire process fails, he is encouraged to improve his résumé, expand his professional network, and perhaps consider another qualification. At what point does the institution accept any responsibility for the expectations it has been selling? At what point do we acknowledge that increasing the number of qualified applicants does not automatically increase the number of desirable positions available? At what point does the economy actually need another graduate trained to produce corporate presentations rather than somebody capable of repairing a fucking transformer?
The university ought to be an environment in which inexperienced young people encounter scholars and professionals capable of transmitting the knowledge accumulated throughout their careers. Imagine studying physics under someone who has spent thirty years investigating the structure of the universe, or engineering under someone who has actually designed machines, built bridges, and confronted problems whose consequences extend beyond a classroom. Instead, the undergraduate may receive a lecture containing two hundred students, a PowerPoint presentation, a collection of automated assignments, and approximately forty-five minutes of office hours during which the professor may or may not remember his name. Gallup's alumni research has identified considerable gaps in mentorship and career guidance, and I find this particularly disappointing considering the extraordinary sums students are expected to pay. What the hell are we paying for, exactly? Access to buildings? An institutional email address? The privilege of submitting essays to somebody whose professional advancement may depend considerably more upon research publications than upon whether his students have learned anything? Expertise deserves respect when it is genuine, and specialized scholarship is indispensable to civilization, but academic titles do not automatically establish teaching competence. Nor does the publication of thirty papers establish that someone can explain a difficult concept to a nineteen-year-old. I would rather be taught by an experienced engineer who has actually constructed something than by an academic whose principal professional achievement consists of producing increasingly elaborate descriptions of engineering education.
The academic publication industry is another extraordinary example of institutional incentives gradually separating themselves from their original purpose. Research is indispensable, naturally. Scientific discoveries, serious historical investigations, mathematical developments, and philosophical arguments all require intellectual specialization. But the requirement to continuously publish creates an obvious incentive to produce papers for the sake of producing papers, regardless of whether those papers contribute anything particularly significant to human understanding. A researcher publishes because publication advances his career. The department celebrates its research output because research output advances its reputation. The university advertises its scholarly excellence because scholarly excellence attracts students, funding, and institutional prestige. And the journals, naturally, continue publishing. Now introduce artificial intelligence. A 2025 Nature survey of approximately 5,000 researchers found that 28 percent reported using generative AI to edit papers, while 8 percent reported using it to produce first drafts. This does not mean that most research has been outsourced to artificial intelligence, but its growing participation in academic writing is unmistakable. There is something almost beautifully ridiculous about a student paying tens of thousands of dollars to be instructed by an academic who uses artificial intelligence to prepare material, while the student uses artificial intelligence to complete assignments, which are subsequently evaluated through software within an institution increasingly preoccupied with determining whether either participant is actually doing the thinking. The professor produces content. The student produces content. The university collects the money. The technology company collects its subscription. Everybody is productive. Whether anybody has learned anything becomes a somewhat inconvenient philosophical question.
And then there are the textbook publishers, whose business model deserves a special place in the history of human ingenuity, preferably somewhere between organized extortion and the invention of the subscription-based printer cartridge. Consider introductory calculus. The derivative of a polynomial has not undergone some astonishing scientific transformation since the previous academic year, nor has the fundamental theorem of calculus suddenly developed an exciting new interpretation requiring the immediate destruction of every existing textbook. Yet publishers routinely introduce revised editions, sometimes changing exercises, page numbers, examples, and supplementary materials in ways that complicate the continued use of older copies. Not every revision is unnecessary, naturally, but the commercial incentives are rather obvious. The old book remains intellectually useful while becoming institutionally inconvenient. The student must purchase the new edition, or perhaps a digital access code permitting him to complete assignments through a proprietary platform. The U.S. Government Accountability Office was already investigating this problem in 2005, documenting how revisions could destroy the resale value of previous editions and how supplementary materials contributed to textbook costs. According to its findings, textbook prices had nearly tripled between December 1986 and December 2004, increasing at approximately twice the rate of general inflation. Publishers were also selling American textbooks overseas at different prices and taking measures to restrict their reimportation into the United States. In other words, the industry was perfectly capable of recognizing that the same educational material possessed different commercial values depending upon which students were purchasing it. The relevant question is why students should be expected to tolerate a market in which their instructors determine what they must purchase, their institutions determine where and how the material can be accessed, and the publishers possess extraordinary influence over the prices they are forced to pay.
The situation becomes considerably more grotesque when we examine the arrangements now being marketed under names like "inclusive access." The name is lovely. Who could possibly object to inclusion? But what does inclusion mean when the student is automatically billed for educational materials through his institution, sometimes without sufficiently understanding that he has been charged or how he can decline? In 2024, Student PIRGs examined 171 textbook-related contracts involving 92 public educational institutions or consortia and discovered revenue-sharing arrangements between campus bookstore operators and universities, contractual participation quotas, and pricing structures whose advertised savings were difficult to verify. More than 40 percent of the contracts examined between publishers and institutions included participation quotas, some requiring 85 to 90 percent of students in participating classes to purchase materials through the arrangement. In 90 percent of the bookstore operating contracts where commission details were available, institutions received commissions on sales of automatically billed materials. Certain contracts charged between $19.87 and $26 per credit hour, translating into approximately $596 to $780 annually for a full course load. How extraordinarily inclusive. The institution selects or facilitates the product, the student pays the bill, and the institution may receive a portion of the revenue. Does nobody involved in negotiating these arrangements recognize the obvious conflict of interest? Or is the conflict of interest simply considered an acceptable feature of the business model?
And the research has become even more concerning. In February 2026, Student PIRGs published another investigation based upon responses from more than 4,000 students. Seventy-five percent reported taking a course requiring the purchase of an access code to complete coursework. Seventy percent reported having skipped a textbook or access code at some point because of cost. At institutions using campuswide automatic textbook billing, half of surveyed students either did not know they were being charged, did not understand that they could opt out, or reported being charged despite not wanting to participate. One student quoted in the earlier 2024 investigation described being charged more than $300 through an automatic textbook-billing arrangement at Florida State University and subsequently relying upon a campus food pantry. I find this absolutely fucking disgusting. We are discussing institutions that supposedly exist to improve the economic futures of young people, yet their commercial arrangements can contribute to students being unable to afford food. And somebody, somewhere, is undoubtedly preparing a presentation about affordability, accessibility, and the innovative digital transformation of higher education. Why should students be required to purchase temporary access to a private software platform to complete elementary homework? Why should a publisher be permitted to impose participation targets through contracts with educational institutions? Why should a university receive commissions from the sale of educational materials it effectively requires students to purchase? Why should knowledge become inaccessible merely because the subscription expires? The textbook industry has discovered that it is considerably more profitable to rent students permission to learn than to sell them books they can continue owning. It is not simply the commercialization of education. It is the commercialization of access to education, which is somehow even more revolting.
The same problem extends beyond textbooks. A 2022 Government Accountability Office investigation found that at least 550 colleges were working with online program managers supporting at least 2,900 educational programs, based upon the available market research. These third-party companies can provide legitimate technological and administrative services, but many receive a share of tuition revenue while participating in student recruitment. The GAO warned that inadequate oversight complicated efforts to identify arrangements violating restrictions on incentive-based recruitment payments. Consider what this means. A private company may help market and recruit students into an educational program, receive compensation connected to tuition revenue, and participate in an institutional arrangement that can encourage enrollment regardless of whether the qualification is particularly appropriate for the applicant. The commercial incentive is not necessarily to educate the most suitable students. It can be to enroll more paying students. Why is this acceptable? Why should recruitment for expensive educational programs resemble the marketing of consumer subscriptions? And why are institutions supposedly devoted to intellectual independence increasingly reliant upon external corporations whose incentives may have very little to do with educational quality?
The university is becoming extraordinarily good at extracting money from people who have been told that they must attend university to avoid being exploited by the economy.
There is also the increasingly concerning gender divide. Women now constitute a substantial majority of American university students, accounting for approximately 59 percent of enrollment in the federal figures. The expansion of women's educational opportunities has been an extraordinary historical achievement, but the underrepresentation of men deserves considerably more serious investigation than it usually receives. Men and women do not distribute themselves identically across academic disciplines, occupational interests, and technical training pathways, and there is nothing inherently wrong with different educational choices. But what happens when a society presents the bachelor's degree as an indispensable symbol of adult competence while a substantial portion of its young male population becomes less likely to obtain one? What happens when educational attainment increasingly influences employment, social status, and romantic partner selection? What happens when the young man who becomes a mechanic, carpenter, electrician, or machinist is encouraged to regard his perfectly respectable occupation as an inferior alternative to university education? I do not think the answer is to force more men into universities. Quite the opposite. I think we should abandon the ridiculous assumption that universities possess a monopoly upon intellectual development, and construct serious alternatives through technical colleges, apprenticeships, vocational programs, and professional pathways involving actual work. The skilled electrician understands systems that the average university graduate cannot begin to explain. The carpenter possesses geometric and mechanical intuitions developed through continuous interaction with material reality. The mechanic can diagnose and repair machines whose operation remains mysterious to somebody possessing several postgraduate qualifications. These are forms of intelligence. These are forms of competence. And a civilization that cannot recognize their value has become intellectually confused, regardless of how many universities it manages to construct.
But the most concerning consequences of academic expansion are not confined to individual students or the industries exploiting them. They concern the structure of society itself. This is where Peter Turchin's structural-demographic theory becomes particularly interesting, specifically his concept of elite overproduction. The theory proposes that societies can become politically unstable when they produce more individuals aspiring to elite positions than their institutions can accommodate. Turchin's complete historical and empirical arguments remain contested, and the mechanism should not be mistaken for a universal law explaining every revolution or civilizational collapse. But the underlying problem is extraordinarily serious. Modern universities do not merely provide knowledge. They manufacture expectations. They produce young people who have been told, repeatedly, that intelligence, education, and respectable academic qualifications will grant them entrance into the professional upper-middle class. They encourage students to imagine themselves as future lawyers, analysts, researchers, administrators, consultants, professors, and executives. And then these students graduate into an economy that does not necessarily possess enough desirable positions to accommodate them. New York Federal Reserve data for the third quarter of 2026 placed unemployment among recent college graduates at approximately 5.2 percent, while underemployment reached 42.5 percent, meaning that a substantial proportion were working in occupations that typically do not require a university degree. This does not mean that every underemployed graduate is miserable or that his education was worthless. But it does expose the sheer absurdity of continuously expanding the production of professional credentials without paying adequate attention to the actual distribution of professional opportunities.
The differences between academic disciplines are particularly revealing. A 2025 analysis from the Federal Reserve Bank of St. Louis, using earlier New York Fed data, reported underemployment rates of approximately 67 percent among criminal justice graduates, 62 percent among performing arts graduates, 57 percent among liberal arts graduates, and 56 percent among anthropology graduates. Nursing, by comparison, had an underemployment rate below 10 percent. Does this establish that studying anthropology is intellectually worthless? Of course not. Does it suggest that students should be given an honest understanding of their professional prospects before spending enormous amounts of money? Absolutely. Why are we so reluctant to distinguish between education pursued for intellectual enrichment and education purchased with the expectation of professional employment? Why do we encourage young adults to treat university as a virtually guaranteed mechanism of upward mobility when the actual outcomes differ so enormously? And why do institutions continue expanding programs whose graduates may have comparatively limited opportunities directly connected to their qualifications? It would be considerably more honest to acknowledge that certain subjects are economically risky, that some require postgraduate education, and that intellectual fulfillment and financial independence are not necessarily produced through the same activity.
And what happens to these people? What happens to the young man who spends four years studying political science, another two obtaining a master's degree, perhaps several more accumulating internships and additional qualifications, only to discover that the position he expected to occupy is unavailable? What happens when somebody who has been educated to identify with the professional classes cannot afford a home, establish a financially secure household, or obtain employment corresponding to his qualifications? What happens when an entire generation has been told that it is exceptional, intellectually distinguished, and destined for professional success, only to discover that its actual economic circumstances are considerably less impressive than those of its supposedly less educated parents? I think the potential consequences are fucking enormous. The aspiring aristocrat does not simply disappear because the aristocratic position is unavailable. He becomes frustrated. He becomes resentful. He begins searching for explanations, political enemies, institutional conspiracies, and ideological movements promising to restore the status he believes he deserves. Sometimes those explanations identify genuine structural problems. Sometimes they become complete nonsense. But the underlying population remains: educated, ambitious, dissatisfied, and increasingly conscious that the institutions which promised social mobility have failed to provide it. Periods of historical instability have frequently involved competition among educated and relatively privileged groups whose ambitions could not be accommodated by existing political structures, although this certainly does not establish that elite overproduction alone causes revolutionary crises. The danger is serious enough without inventing some universal historical law connecting bachelor's degrees to the collapse of empires.
And our response, apparently, is to produce more of them. MORE DEGREES. MORE MASTER'S PROGRAMS. MORE CERTIFICATIONS. MORE PROFESSIONAL DEVELOPMENT. More aspiring administrators, more prospective consultants, more people trained to compete for prestigious positions whose availability does not automatically increase because another university has opened an attractive new department. This is not a serious employment strategy. It is the industrial manufacture of disappointed expectations. A civilization requires intellectuals, administrators, lawyers, and researchers, but it also requires people capable of producing food, building housing, maintaining electrical systems, repairing machines, caring for patients, and performing the countless physical activities through which ordinary existence remains possible. A society containing an extraordinary number of graduates qualified to discuss the housing crisis and an insufficient number of people capable of building houses has misunderstood something rather fundamental. The house does not construct itself because somebody has written an excellent dissertation about housing inequality. Nor does the electrical grid repair itself because an academic committee has developed a sufficiently sophisticated theoretical framework for understanding infrastructure. The physical world is remarkably indifferent to our qualifications. And I increasingly suspect that we have constructed an educational hierarchy whose relationship to the actual requirements of civilization has become dangerously distorted.
A society cannot indefinitely manufacture the expectations of an aristocracy while providing its members with the economic opportunities of an increasingly insecure workforce.
This is where Mark Fisher's conception of capitalist realism becomes particularly relevant. The university has gradually become another enterprise operating according to commercial incentives while maintaining the cultural language of intellectual enlightenment. Students become customers, degrees become products, departments become revenue-generating units, and education becomes an investment whose value is advertised through promises of future professional success. Even the rebellion against this arrangement becomes commercially productive. A student may spend an entire semester studying Marx, Fisher, or the commodification of human existence, only to discover that the assigned reading requires a $130 digital access code purchased through a private corporation. The professor criticizes capitalism. The student writes an essay criticizing capitalism. The university charges tuition. The publisher collects its money. Everybody has participated in the critique, and nothing whatsoever has changed. It is almost too perfect. The solution cannot simply involve placing additional corporate representatives on university advisory boards, introducing more proprietary learning platforms, and teaching students how to improve their professional networking strategies. Corporate participation in actual vocational training can be useful, but commercial interests should not dictate the purpose of education, the contents of compulsory curricula, or the conditions under which students are permitted to access knowledge. And institutions receiving public funding should be subject to considerably greater scrutiny when their financial arrangements create incentives contrary to the interests of the very students they claim to serve.
I think we need to reconsider the purpose of education entirely. Why should a person graduate from secondary school without knowing how to prepare a nutritious meal, file a tax return, interpret an employment contract, maintain a household, recognize financial exploitation, or respond to an ordinary medical emergency? Why do we spend extraordinary amounts of time preparing children for standardized examinations while offering comparatively little systematic instruction in communication, parenting, conflict resolution, personal finance, or recognizing abusive relationships? Why are young people expected to become responsible members of society without necessarily being taught how to participate meaningfully in their own communities? Education should involve practical competence, intellectual curiosity, physical health, civic responsibility, and the ability to form and maintain relationships with other human beings. Students should have opportunities to volunteer in hospitals, assist elderly neighbors, participate in environmental restoration, work with local tradespeople, maintain community gardens, and encounter the people whose labor keeps civilization functioning. They should understand science, mathematics, history, and literature, naturally, but they should also understand that knowledge exists within a world requiring continuous practical attention. The purpose is not to replace philosophy with cooking lessons. It is to recognize that a person capable of discussing Aristotle's ethics while remaining completely incapable of performing ordinary adult responsibilities has received a rather incomplete education. And perhaps, more importantly, it is to recognize that education should help human beings live together. We spend extraordinary resources preparing people to compete against one another for professional status while providing comparatively little institutional encouragement for cooperation, mutual assistance, neighborliness, and the responsibilities involved in sustaining a community. A civilization requires more than qualified employees. It requires people capable of caring for one another.
Universities themselves should become more specialized, more transparent, and considerably more serious about the outcomes they promise. Students entering medicine, engineering, law, scientific research, or other demanding disciplines should receive rigorous instruction, meaningful mentorship, practical experience, and genuine professional opportunities. Those pursuing specialized intellectual interests without obvious commercial applications should remain free to do so, ideally with an honest understanding of the financial and professional realities involved. There is nothing wrong with dedicating one's life to medieval history, theoretical mathematics, ancient Greek, or the philosophy of consciousness. Civilization would be considerably poorer without people willing to investigate questions that do not immediately produce a profitable consumer product. But an eighteen-year-old should know whether his chosen qualification leads directly to professional employment, requires postgraduate education, or offers comparatively limited opportunities within its own discipline. He should not discover these things after accumulating an enormous amount of debt. Nor should every student be required to complete an expensive collection of unrelated core subjects simply because an institutional committee has decided that intellectual development must occur through precisely that arrangement. General education has genuine value, but compulsory coursework should be intellectually defensible, practically useful, or both. Specialized programs should provide access to genuine internships, professional networks, research opportunities, and employers whose requirements correspond to the education being provided. Mentorship should be a central institutional responsibility rather than an occasional accident of encountering a particularly generous professor. And students should be permitted to pursue more flexible educational arrangements without being treated as intellectually deficient because they have not followed the traditional four-year residential model.
Ultimately, I think the greatest failure of modern academia is its increasing separation from the ordinary realities of human existence. Education should produce people capable of understanding the world, not merely describing it through terminology impressive enough to satisfy an academic committee. It should cultivate intellectual independence rather than institutional dependence, practical competence rather than credential accumulation, and a genuine appetite for knowledge rather than the compulsive pursuit of qualifications. A student should graduate knowing how to think, how to work, how to learn, how to care for himself, how to help other people, and how to participate in the civilization that has spent enormous resources educating him. He should understand that the university was never supposed to become his entire world. It was supposed to prepare him for the world outside it. And if the institution cannot provide meaningful education, serious mentorship, intellectual development, or a reasonable account of the opportunities its qualifications actually create, perhaps we should stop treating its continued expansion as an unquestionable achievement.
The central problem, therefore, is not the existence of universities, nor even the expansion of access to higher education in itself. It is the increasingly indiscriminate promotion of university attendance as a necessary condition of economic security and social legitimacy, regardless of the actual educational needs, interests, abilities, and professional prospects of individual students. The evidence suggests considerable variation in the financial returns of academic programs, substantial discrepancies between graduate qualifications and available employment, persistent weaknesses in mentorship, and deeply concerning commercial arrangements involving textbook publishers, digital platforms, and private educational service providers. The possibility that credential expansion contributes to frustrated elite expectations and political instability deserves serious further investigation, although historical theories of elite overproduction cannot substitute for rigorous empirical analysis. Educational reform should therefore concentrate upon transparent program outcomes, the reduction of unnecessary financial barriers, the protection of students from exploitative commercial practices, greater investment in practical and technical education, and the establishment of specialized academic pathways closely connected to genuine opportunities for research and employment. More fundamentally, education should recover its social purpose: the development of intellectually capable, practically competent, psychologically healthy, and socially responsible human beings who possess the knowledge and abilities necessary to participate meaningfully in their communities. Universities have an important role within such a system, but they cannot reasonably claim exclusive ownership of education itself, nor should their institutional growth be mistaken for evidence of civilizational progress. A more educated society is not simply one containing more graduates. It is one in which knowledge produces better judgment, greater competence, more responsible institutions, stronger communities, and a population increasingly capable of understanding and improving the material conditions of its own existence.
Sources and further reading:
The College Board, Trends in College Pricing and Student Aid 2026:
https://research.collegeboard.org/trends/college-pricing/highlights
Healthy Minds Network, 2024–2025 National Data Report:
https://healthymindsnetwork.org/wp-content/uploads/2025/09/2024-2025_HMS-National-Data-Report_Student.pdf
Foundation for Research on Equal Opportunity, Does College Pay Off? A Comprehensive Return on Investment Analysis:
https://freopp.org/whitepapers/does-college-pay-off-a-comprehensive-return-on-investment-analysis/
Federal Reserve Bank of New York, The Labor Market for Recent College Graduates:
https://www.newyorkfed.org/research/college-labor-market
Federal Reserve Bank of St. Louis, The Jobs and Degrees Underemployed College Graduates Have (2025):
https://www.stlouisfed.org/open-vault/2025/aug/jobs-degrees-underemployed-college-graduates-have
U.S. Government Accountability Office, College Textbooks: Enhanced Offerings Appear to Drive Recent Price Increases (GAO-05-806):
https://www.gao.gov/products/gao-05-806
U.S. Government Accountability Office, College Textbooks: Students Have Greater Access to Textbook Information (GAO-13-368):
https://www.gao.gov/assets/files.gao.gov/assets/gao-13-368.pdf
Student PIRGs, Fixing the Broken Textbooks Market, Fourth Edition (2026):
https://studentpirgs.org/assets/uploads/2026/02/Fixing-the-Broken-Textbooks-Market-Fourth-Edition.pdf
Student PIRGs, Automatic Textbook Billing: Limited Choice, Uncertain Savings (2024):
https://studentpirgs.org/2024/06/13/automatic-textbook-billing-2/
U.S. Government Accountability Office, Higher Education: Education Needs to Strengthen Its Approach to Monitoring Colleges' Arrangements with Online Program Managers (GAO-22-104463):
https://www.gao.gov/products/gao-22-104463
National Student Clearinghouse Research Center, Final Fall Enrollment Trends 2025:
https://nscresearchcenter.org/final-fall-enrollment-trends/
Peter Turchin, End Times: Elites, Counter-Elites, and the Path of Political Disintegration (2023).
Mark Fisher, Capitalist Realism: Is There No Alternative? (2009).
David Graeber, Bullshit Jobs: A Theory (2018).
Hannah Arendt, The Human Condition (1958).