The Looming Last Gasp of Indoctrination?
The inevitable collapse of the student loan “market” and with it the take-down of many higher educational institutions will be one of the happiest and much needed events to look forward to in the coming months/years. Whether the student loan bubble bursts on its own or implodes due to a general economic collapse, does not matter as long as higher education is dealt a death blow and can no longer be a conduit of socialist and egalitarian nonsense for the inculcation of young minds.
Complain… declare bankruptcy… think for food… occupy… Decisions, decisions. [PT]
The perilous condition of the student loan sector can be seen by looking at a few ominous pieces of data:
The US has around $1.3 trillion in non-dischargeable loans to students
Over 120 billion in student loans are already in default
27% of students are a month behind on their payments*
As economic conditions deteriorate and there are even less meaningful jobs for college graduates than there are now, these numbers will only get worse.
Not only have colleges and universities been havens of leftist thought for many years, but they have become ridiculously expensive and beyond the reach of most middle-class income earners to afford without going into significant debt.
Moreover, the incessant barrage by the Establishment about the necessity of a college degree has distorted the labor market to where worthless, debt-ridden degrees are pursued instead of much needed blue-collar employment. The readjustment of the labor market to a proper balance will not only take time, but it will be a costly, painful process.
Student loans granted by the federal government. The total outstanding is actually around $300 billion more, but the above loans are backstopped by the tax serfs. Note when this bubble took off. It happened just as the financial crisis triggered by the collapse of the housing bubble started. This is unlikely to be a coincidence – to us it looks like one of several methods that were used to re-inflate the credit bubble. Funny enough, the shorthand for this chart at the Fed’s economic data web site is indeed “TOTALGOV”. You couldn’t make this up. [PT]
Marxist Intellectual Wasteland
While the “hard” sciences have not been as affected by the Left, the social sciences have long been an intellectual wasteland devoid of any freedom of thought or opinion. Promotion and recognition of academic excellence is, more often than not, based on diversity and one’s skin color instead of merit.
Arguably, economic science has been the most corrupted discipline. Economics departments of major universities are now training grounds for employment in state and federal bureaucracies, the banking industry, and Federal Reserve where Marxism, Keynesianism, neo-Keynesianism or whatever kooky, nonsensical theory of the day can be put into practice.
While higher education has long been hostile to the ideals of Western Civilization, it is now explicitly a bastion of anti-white discrimination and hostility especially against white heterosexual men. Few days pass these days without an incident, often with the approval of …read more
Source:: Acting Man
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