America is Fucked
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The Long-Brewing Crisis in Higher Education
Over the past few weeks, colleges and universities across the United States have re-opened for the fall, despite the public health risks associated with doing so. And the risks have borne out: the University of Alabama in Tuscaloosa, over 500 cases. At the University of Missouri in Columbia, almost 160. It all seems so, sadly, predictable. So why did they open at all?
For many schools, the decision appears to have come down to the bottom line: the lost revenues from room, board and events, plus predicted tuition drop-offs, along with the added costs of going online would, for many institutions, be crippling. To Scott Galloway, New York University Stern School of Business professor and host of Pivot Podcast, the current crisis is forcing a reckoning that's been on its way for a long time. Galloway and Brooke talk about the inequalities and artificial scarcity underlying higher education today, and what a better model for the future might look like.