Not only does the amenities-admin-tuition inflation turn into a treadmill going nowhere, but adjunctification is just as bad for the core mission of the university. Because you are burning these adjuncts out at a fearful rate; overloaded and underpaid...24/xx
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They often can't teach as intensively as TT faculty and they don't stay in the job long enough to get excellent at it. Teachers get better over time - so burning them out wastes experience. The result is inferior teaching, even though most adjuncts work hard! 25/-continues-
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In essence, the 'business model of education' ends up diverting university funds away from the *education* part of the university's mission. It also imposes larger and larger fixed operation costs, compensated for by higher and higher tuition...26/41
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Which then finally brings us to our last horseman, Pestilence. Because if you are running one of these universities, you have massive problems - you can't simply say "we'll do the courses online and charge full freight"...27/x
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...because you've been competing on everything *but* the education for the last twenty years! Moreover, the cost of all of those other things is paid for by fees - if you waive the fees, you still have to do the upkeep and the whole thing crumbles. 28/41
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And even in normal years, the public funding has slowed to a trickle - in a pandemic, it might as well stop. Calling a halt to university operations, or doing everything online and waiving the on-campus living fees is financial suicide. It was the *right* course...29/41
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...and at the same time, one that the reckless, ruinous system could *never* take. At the same time, even without Pestilence, the system is still broken. Demanding that universities 'run like businesses' to save the public money just doesn't work. 30/41
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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
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Vastauksena käyttäjälle @BretDevereaux
At some point you will realize that all the dynamics you've identified in this thread which make capitalism destructive to what you know well (academia) have parallels all throughout society, and it turns out capitalism sucks.
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Vastauksena käyttäjälle @bawfuls
So, the thing is - I study the economics of 'pre-capitalist' societies. That's the history I do. And with that reference point, it is impossible not to notice that in all of the economic systems, capitalism is the only one that provides a route out of material poverty.
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I'm not saying we won't devise a better system in the future, or the unfettered capitalism is best. But the alternative historical models suck a *lot* worse than capitalism, let me tell you.
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