Bret Devereaux

Now don't get me wrong, I am an ardent capitalist. Like, really very much so. Like - it irritates my colleagues. But just because markets work in *some* things doesn't mean markets work in *everything*...31/41

Almost no one suggests, for instance, we should have for-profit fire departments (M. Licinius Crassus not withstanding). Or for-profit churches. And here's the thing: there is a large for-profit college sector in the United States. And it is *terrible* 32/41

Default rates on student loans at for-profits are 3-4 times higher than traditional colleges; the quality of the education there is well known to be garbage - and despite basically being sham-schools, many of them still run out of money and fail. 33/41

*That* is why US colleges were so fragile going into COVID that they really had no good options. So what about solutions? We should start with the big public universities. Step 1: After COVID has passed, states need to reverse the endless budget cuts...35/41

...BUT most of that money needs to be flagged to go for instructional budgets. Legislatures: condition funding on tenure-track hires! Make sure your money pays for *teachers* and *teaching* not amenities or more empty-chair administrators. 36/41

Step 2: Shift administration and leadership back to the faculty, where it used to be. If it were me, I'd argue that every university ought to be led by *teaching track* faculty elevated into leadership positions for a period of years. 37/41

(Teaching track faculty are typically non-tenure-track faculty with heavier teaching loads and less research expectations. It's mostly a form of permanent academic serfdom, but in my experience, teaching-track faculty tend to value education and students the most). 38/41