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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Jul 11

    Austen Allred Retweeted grinch returns

    The student loan problem is the antithesis of capitalism. Without the government underwriting $200k in loans for a basketweaving degree at ITT Tech there’s no way it would happenhttps://twitter.com/kowenmoffor/status/1017083901913812992 …

    Austen Allred added,

    grinch returns @Kowenmoffor
    This is THE craziest thread ever. Again unchecked capitalism. Wow. https://twitter.com/austenallred/status/981723572665274373 …
    9:34 AM - 11 Jul 2018
    • 29 Retweets
    • 228 Likes
    • Redwhale 🐋 John Sang jessica Cruz Maire Maciejewski Arjun Dubashi Florian Grosberg 🌲 Rick Zabel Patrick Kelly Arjun
    10 replies 29 retweets 228 likes
      1. Ran Reichman‏ @ranreichman Jul 11
        Replying to @AustenAllred

        Common theme: private company or individual profits immensely at the expense of others because of government regulation, crowd blames ‘capitalism’

        1 reply 0 retweets 10 likes
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      1. Osman‏ @Osmanify Jul 11
        Replying to @AustenAllred

        Yup, America is more crony capitalism than actual capitalism

        0 replies 0 retweets 5 likes
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      1. Tim Schwartz‏ @timjschwartz Jul 11
        Replying to @AustenAllred

        Went deep on for-profit diploma mills several years ago. It is an absolutely horrifying waste of taxpayer funds and a destroyer of many lives. $80k+ in debt and getting same jobs they did before the degree.https://www.newyorker.com/magazine/2015/11/02/the-rise-and-fall-of-for-profit-schools …

        0 replies 0 retweets 4 likes
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      1. Maxwell Parrish‏ @Maxtwell Jul 11
        Replying to @AustenAllred

        Now do the home mortgage market 😁 (to some extent I kid, but we love those middle class subsidies)

        0 replies 0 retweets 2 likes
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      1. Bryan Beal  🎧‏ @bryanrbeal Jul 11
        Replying to @AustenAllred

        Actual Capitalism would be you paying for your own education and degree programs in demand would cost more and useless hobby majors like basket weaving and pottery and trumpet performance would disappear

        0 replies 0 retweets 1 like
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      1. Bryan Beal  🎧‏ @bryanrbeal Jul 11
        Replying to @AustenAllred

        Yes! It’s the opposite of capitalism. It’s the state subsidizing the means of production. And anything subsidized costs more, hence unchecked tuition increases backed up by a willing government writing blank checks with no restrictions.

        0 replies 0 retweets 1 like
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      1. Kevin Feehily‏ @AdvisorAdvice Jul 11
        Replying to @AustenAllred

        Colleges admit students that require remedial math & English classes. Talk about setting up students for failure. Some drop out and are forced into loan repayment. Colleges should defer enrollment of these students until they take and pass remedial classes.

        0 replies 0 retweets 0 likes
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      1. UX.pragmatist‏ @ClayNichols Jul 11
        Replying to @AustenAllred

        Part of it is also that students don't seem to be worried a out debt. They signed up do Trillion$. Govt underwriting facilitated the loaning but the decision to borrow is on the students. That's not a failure of capitalism.

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      1. Ryan Casey‏ @ryansweb Jul 11
        Replying to @AustenAllred

        This. I also think there's a big cultural stigma change that needs to happen. You don't need to go directly to a state school out of HS, esp. out of state. Trade degrees are still valuable. Apprenticeships should be higher value. The list goes on.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. MegaManDad‏ @Megamandad Jul 11
        Replying to @AustenAllred

        Capitalism would never create the student loan crises. This is specifically because of the government interfering with capitalism. In capitalism, if those loans don't get repaid the bank that made the loan goes under. Those loans would never happen in the first place.

        1 reply 0 retweets 0 likes
      3. MegaManDad‏ @Megamandad Jul 11
        Replying to @Megamandad @AustenAllred

        Under capitalism, banks would only issue loans to people who had a high chance of repaying. For students, that means degrees that could be easily monetized for high value. Not gender studies and art history and medieval music.

        0 replies 0 retweets 0 likes
      4. End of conversation

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